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Frank Martin Inc. has earned $3.64 per share in the past year and is forecasted to earn $4.36 per share next year. Comparable companies are

Frank Martin Inc. has earned $3.64 per share in the past year and is forecasted to earn $4.36 per share next year. Comparable companies are trading at a trailing P/E ratio of 24.6. What is the implied price of Frank Martin Inc.'s shares using relative valuation?

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