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

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

Choice:

A4.17

B62.5

C40

D not enough info to predict

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