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A stock analyst is trying to calculate a fair value of XYZ companys common stock by using the following information. What would be the fair

A stock analyst is trying to calculate a fair value of XYZ companys common stock by using the following information. What would be the fair value of this companys common stock? Industry average P/E ratio = 3.45 times and Earnings per share of XYZ company is $5.0.

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