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If a corporation's stock trades at a Price/Earnings ratio (P/E) of 12 and the corporation has EPS of $3 per share, then the stock would

If a corporation's stock trades at a Price/Earnings ratio (P/E) of 12 and the corporation has EPS of $3 per share, then the stock would be expected to have a fair value of:

A. $12

B. $36

C. $3

D. $4

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