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Company XYZ closed at $51.46 per share with a P/E ratio of $18.97. Answer the following questions. a. How much were earnings per share? b.

Company XYZ closed at $51.46 per share with a P/E ratio of $18.97.

Answer the following questions.

a.

How much were earnings per share?

b.

Does the stock seem overpriced, underpriced, or about right given that the historical P/E ratio is 12-14?

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