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A firm with earnings per share of $3 and a price-earnings ratio of 10 will have a stock price of A. $13.00 B. $30.00 C.

A firm with earnings per share of $3 and a price-earnings ratio of 10 will have a stock price of A. $13.00 B. $30.00 C. the market assigns a stock price independent of EPS and the P/E ratio. D. $1.00 Please explain why as well. Thank you

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