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An industry peer group has a P/E multiple of 15, while your firm has expected earning of $50mm next year, and currently has 12mm shares

An industry peer group has a P/E multiple of 15, while your firm has expected earning of $50mm next year, and currently has 12mm shares outstanding. What do you expect your stock price to be in one year?

A. $62.50

B. $4.17

C. Not enough information provided

D. $40.00

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