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MTB Surfboards has a P / E of 2 0 . The discount rate for this firm is 3 0 percent. They had earnings of

MTB Surfboards has a P/E of 20. The discount rate for this firm is 30 percent. They had earnings of $2,000,000 and 100,000 shares of common stock outstanding. What should be the current price of the stock?
  

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