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A company's cost of equity is 11.3% per year. The present value of its growth opportunities is $22.85 and investors expect next year's earnings per

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A company's cost of equity is 11.3% per year. The present value of its growth opportunities is $22.85 and investors expect next year's earnings per share to be \$2.91. What is the company's price/earnings ratio? 1) 14.1 2) 16.7 3) 15.2 4) 17.3 5) 13.6

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