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Qn . 1 How would the valuation change if you used a P / E closer to the current, such as say a P /

Qn.1 How would the valuation change if you used a P/E closer to the current, such as say a P/E of 40? Would Microsoft look like a buy or a sell in the caseofaP/Eof40?
Qn.2 How important is the P/E used in order to recommend any stock ?

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