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Q 2 : 2. Modern Furniture Corporation has sales of $8,000,000, net income of $750,000, total assets of $2,500,000, and 150,000 shares of common stock

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2. Modern Furniture Corporation has sales of $8,000,000, net income of $750,000, total assets of $2,500,000, and 150,000 shares of common stock outstanding. If Modern Furniture P/E ratio is 15, what is the company's current stock price?

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