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Constanza Energy is an oil company with average risk. The average industry P/E ratio for oil companies is 10 If Constanza has earnings per share

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Constanza Energy is an oil company with average risk. The average industry P/E ratio for oil companies is 10 If Constanza has earnings per share of $1.12, what would be a fair price for its stock? The fair price for Constanza's stock would be $L (Round to the nearest cent)

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