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Assume the industry average Price to Earnings Multiple is 16.60 and that the subject company is expected to grow its earnings at 1.4% per year
Assume the industry average Price to Earnings Multiple is 16.60 and that the subject company is expected to grow its earnings at 1.4% per year lower than the guideline companies (in perpetuity). Compute the growth adjusted Price to Earnings Multiple for the Subject Company. Round your answer to the second decimal place.
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