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#3 A firm has Earnings (per share) of $1.50. The industry average P/E (that is Price/Earnings) ratio is 26.6. What should be the price of

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A firm has Earnings (per share) of $1.50. The industry average P/E (that is Price/Earnings) ratio is 26.6. What should be the price of a share of the firm if the firm P/E ratio was the same as the industry average

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