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Constanza Energy is an oil company with average risk. The average industry P/E ratio for oil companies is 20. 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 20. If Constanza has earnings per share of $1.07, what would be a fair price for its stock? $21.40 $20.60 $25.56 $27.78

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