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A firm with earnings per share of $12 and a price-earnings ratio of 20 will have a stock price of a)$10.00 b)$240.00 c)the market assigns

A firm with earnings per share of $12 and a price-earnings ratio of 20 will have a stock price of a)$10.00 b)$240.00 c)the market assigns a stock price independent of EPS and the P/E ratio.d) $32.00

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