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A firm belongs to an industry whose median forward P/E ratio is 31.61. This P/E ratio is expected to be constant in the next several
A firm belongs to an industry whose median forward P/E ratio is 31.61. This P/E ratio is expected to be constant in the next several years. The firm's earnings per share this year (EPS_0) is $7.06. The earnings per share is expected to grow at a rate of 4.21 percent per year in the next five years. Use this information to estimate the current stock value.
Group of answer choices
$223.17
$252.56
$263.19
$278.96
$232.56
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