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Assume that a firm's earnings per share (EPS) are expected to be $ 2.29 next year and that analysts have determined that an appropriate forward-looking

Assume that a firm's earnings per share (EPS) are expected to be $ 2.29 next year and that analysts have determined that an appropriate forward-looking multiple is 15.3 times the projected earnings. What should the stock price be? The price per share is . (Round to the nearest cent.)

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