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Company XYZ closed at $ 4 6 . 0 4 per share with a P / E ratio of 1 4 . 5 1 .

Company XYZ closed at $46.04 per share with a P/E ratio of 14.51. Answer the following questions.How much were earnings per share?bDoes the stock seem overpriced, underpriced, or about right given that the historical P/E ratio is 12-14?

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