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If Safeway has a P/E ratio of 10.38 and its competitor, Fred Meyer, has an EPS of $2.24. What would be the expected price of

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If Safeway has a P/E ratio of 10.38 and its competitor, Fred Meyer, has an EPS of $2.24. What would be the expected price of Fred Meyer stock, if estimated using the method of comparables? a. $29.64 b. $23.25 c. $34.77 d. $27.16

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