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ABC Corp. has earnings of $2.04 per share. XYZ Corp. is a close competitor, with $0.7 earnings per share. If XYZ stock is currently trading
ABC Corp. has earnings of $2.04 per share. XYZ Corp. is a close competitor, with $0.7 earnings per share. If XYZ stock is currently trading at $20.32 and you believe that the stocks are comparable, what would be a reasonable price expectation for ABC stock? (Round answer to the nearest cent, but dont round intermediate calculations and dont include the dollar sign.)
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