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QUESTION 3 What is an estimate of the value of a share of stock if the company has expected earnings next year (EPS1) of $1.95

QUESTION 3 What is an estimate of the value of a share of stock if the company has expected earnings next year (EPS1) of $1.95 and the appropriate P/E is 22? The company pays a dividend of $0.20 per share.

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