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Homework Unanswered O Frank Martin Inc. has earned $3.07 per share in the past year and is forecasted to earn $4.93 per share next year.

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Homework Unanswered O Frank Martin Inc. has earned $3.07 per share in the past year and is forecasted to earn $4.93 per share next year. Comparable companies are trading at a trailing P/E ratio of 16.1. What is the implied value of Frank Martin Inc.'s shares using relative valuation? Round to one decimal place. Type your numeric answer and submit

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