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A firm belongs to an industry whose median P/E ratio is 23.75. This P/E ratio is expected to be constant in the next several years.

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A firm belongs to an industry whose median P/E ratio is 23.75. 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 $6.67. The earnings per share is expected to grow at a rate of 5.88 percent per year in the next five years. Calculate the expected price of this firm's stock three years from today. $188.03 $167.73 $167.73 $158.41 $235.04 A firm belongs to an industry whose median P/E ratio is 23.75. 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 $6.67. The earnings per share is expected to grow at a rate of 5.88 percent per year in the next five years. Calculate the expected price of this firm's stock three years from today. $188.03 $167.73 $167.73 $158.41 $235.04

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