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11. (12 points) Ramsay Corp. currently has an EPS of $3.10, and the benchmark PE for the company is 21. Earnings are projected to grow

11. (12 points) Ramsay Corp. currently has an EPS of $3.10, and the benchmark PE for the company is 21. Earnings are projected to grow by 6% per year. a. What is an estimate of the current stock price?b. What is the target stock price in one year?c. Assuming that the stock pays no dividends, what is the implied return on the companys stock over the next year?

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