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Question 10 1 pts You have found the following historical information for DEF Company: Year1 Year 2 Year 3 Year 4 Stock Price $45.1 $51.47

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Question 10 1 pts You have found the following historical information for DEF Company: Year1 Year 2 Year 3 Year 4 Stock Price $45.1 $51.47 $55.98 $56.19 EPS $2.26 $2.42 $2.8 $3.63 Earnings are expected to grow at 8 percent for the next year. Using the company's historical average PE as a benchmark, what is the target stock price in one year? Answer to two decimals

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