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Due to a surge in demand for its products, LMN Company forecasts a 2 0 % increase in its earnings per share, reaching $ 6

Due to a surge in demand for its products, LMN Company forecasts a

20 %

increase in its earnings per share, reaching $

6.60

this year. Assuming the industry's price

-

-

earnings ratio is

15,

estimate LMN

'

s stock price

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