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o Frank Martin Inc. has earned $3.50 per share in the past year and is forecasted to earn $4.50 per share next year. Comparable companies

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o Frank Martin Inc. has earned $3.50 per share in the past year and is forecasted to earn $4.50 per share next year. Comparable companies are trading at a trailing P/E ratio of 22.5. What is the implied price of Frank Martin Incs shares using relative valuation? Round to one decimal place Tim

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