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Peninsular Research is initiating coverage of a mature manufacturing industry. John Jones, CFA, head of the research department, gathered the following fundamental industry and market data to help in his analysis: <image 1> Compute the price-to-earnings $(\frac{P_0}/E_{1})$ ratio for the industry based on this fundamental data	Google: Gemini Pro Vision 1.0 mmmu / FinancePublic The price-to-earnings ratio is calculated as follows: $\frac{P_0}{E_1} = \frac{1.2(6 + 5)}{.25(1.2)} = 33.6$ Difficulty: Medium Subfield: Financial Marketing