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Beta, Inc. currently has an EPS of $5.00 per share. You estimate that the earnings will grow by 8% per year for the next two

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Beta, Inc. currently has an EPS of $5.00 per share. You estimate that the earnings will grow by 8% per year for the next two years. If the benchmark P/E ratio is 20, the estimated price in two year is $116.64 (rounded to two decimal places). True or False

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