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If a stock that has earnings per share of $1.50 is quoted in the Wall Street Journal as having a price-earnings ratio of 13, the
If a stock that has earnings per share of $1.50 is quoted in the Wall Street Journal as having a price-earnings ratio of 13, the closing price on that day must be:
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Personal Financial Planning
Authors: Lawrence J. Gitman, Michael D. Joehnk, Randy Billingsley
13th edition
1111971633, 978-1111971632
