4. For Delphi Products Corporation in Problem 3, suppose the company were expected to have a price/earnings
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4. For Delphi Products Corporation in Problem 3, suppose the company were expected to have a price/earnings ratio of 8 times at the end of year 6. Moreover, earnings per share in year 7 are expected to be $7.50. If the present market price per share is $35, what is the expected return on investment?
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