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based on analysis of the company and expected industry and economic conditions, China Imports is expected to earn 4.6- per share of common stock next

based on analysis of the company and expected industry and economic conditions, China Imports is expected to earn 4.6- per share of common stock next year. the average price/ earrings ratio for firms in the same industry is 8. . Calculate the estimated value of a share of china imports common stock.

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