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Markhem Enterprises is expected to earn $1.34 per share this year. The company has a P/E ratio of 18. Assume there is no growth in

Markhem Enterprises is expected to earn $1.34 per share this year. The company has a P/E ratio of 18. Assume there is no growth in earnings. What should one share of common stock in Markhem Enterprises be selling for in the market?

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