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stock price. 7. Elvis Presley Corp. is trading at $20, has a current year EPS of $2, and anticipates an EPS of $3 in the

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stock price. 7. Elvis Presley Corp. is trading at \$20, has a current year EPS of \$2, and anticipates an EPS of $3 in the coming year. If the forward PE ratio of a close rival is estimated as 10 and the historical PE ratio is calculated as 8 , calculate the fair value of the stock

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