The following are the P/E ratios (price of stock divided by projected earnings per share) for  16  banks. 29 ,  21 ,  22 ,  19 ,  43 ,  25 ,  31 ,  18 ,  24 ,  23 ,  22 ,  20 ,  29 ,  15 ,  14 ,  50 Send data to calculator Send data to Excel Find  40th  and  75th  percentiles for these ratios. (If necessary, consult a list of formulas.) (a) The  40th  percentile:   (b) The  75th  percentile:

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