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Stock Valuation and Price/Earning (PE) Ratio The Salt Rock Co. has earnings of $4.08 per share of stock. The benchmark PE for the company is

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Stock Valuation and Price/Earning (PE) Ratio The Salt Rock Co. has earnings of $4.08 per share of stock. The benchmark PE for the company is 20. What stock price would you consider appropriate? Please show your work: P= Benchmark PE ratio x EPS Price = Price = per share

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