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Assume you own 500 shares of a small company. Last year, the company delivered earnings per share of $3.00. If an appropriate P/E multiple to

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Assume you own 500 shares of a small company. Last year, the company delivered earnings per share of $3.00. If an appropriate P/E multiple to value this company is 18, then how much would your 500 shares be worth? A. None of these are correct B. About $27,000 C. About $45,000 D. About $18,000

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