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ABC Corp. has earnings of $2.39 per share. XYZ Corp. is a close competitor, with $1.18 earnings per share. If XYZ stock is currently trading

ABC Corp. has earnings of $2.39 per share. XYZ Corp. is a close competitor, with $1.18 earnings per share. If XYZ stock is currently trading at $27.13 and you believe that the stocks are comparable, what would be a reasonable price expectation for ABC stock?

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