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10. A firm has 100,000 common shares outstanding. The Company's net income is $750,000 and its P/E ratio is 8 . What is the stock

10. A firm has 100,000 common shares outstanding. The Company's net income is $750,000 and its P/E ratio is 8 . What is the stock price? a. $20.00 b. $30.00 c. $40.00 d. $50.00 e. $60.00

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