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Given current earnings ( E 0 ) of $ 3 . 5 0 and a growth rate of 6 percent, how much should you be

Given current earnings (E0) of $3.50 and a growth rate of 6 percent, how much should you be willing to pay for the stock if the P/E ratio is 15?
a) $28.75
b) $20.54
c) $23.25
d) $55.65
e) $205.38
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