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11. Foreign stock valuation 1. 2. 3. 4. STEP: 1 of 4 Suppose AirPower Co., a European renewable energy startup, currently has earnings of 5

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11. Foreign stock valuation 1. 2. 3. 4. STEP: 1 of 4 Suppose AirPower Co., a European renewable energy startup, currently has earnings of 5 per share and that Alyssa, a U.S. investor, anticipates the earnings per share to grow by 5 percent per year. Using a mean industry PE ratio of 13 and the expected annual growth rate on the firm's existing earnings, the estimated stock price in three years is: O 67.73 per share O 75.25 per share O 77.51 per share O 80.52 per share

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