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Summers Corp. currently has an EPS of $2.10 and the benchmark PE for the company is 20. Earnings are expected to grow at 8 percent

Summers Corp. currently has an EPS of $2.10 and the benchmark PE for the company is 20. Earnings are expected to grow at 8 percent per year.

a. What is your estimate of the current stock price?

b. What is the targeet tock price in one year?

c. Assuming the company pays no dividends, what is the implied return on the company's stock over the next year?

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