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Modesto Co. is expected to generate $1.5 earnings per share this year. The company has a dividend payout ratio of 25% and a P/E ratio

Modesto Co. is expected to generate $1.5 earnings per share this year. The company has a dividend payout ratio of 25% and a P/E ratio of 20. What should one share of Modesto Co. common stock be selling for in the market?

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