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Question 1 (1 point) A company's cost of equity is 14% per year. The present value of its growth opportunities is $17.89 and investors expect

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Question 1 (1 point) A company's cost of equity is 14% per year. The present value of its growth opportunities is $17.89 and investors expect next year's earnings per share to be $2.21. What is the company's price/earnings ratio (P/E)? 1) 14.1 2) 16.3 3) 15.2 4) 17.3 5) 13.6

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