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Suppose Air Canada has a current share price of $ 1 0 . 5 0 and an EPS of 1 . 1 2 . Its

Suppose Air Canada has a current share price of

10.50

and an EPS of

1.12 .

Its

competitor, WestJet, has an EPS of

3.13 .

Using the method of

comparables, what is the expected price of WestJet

stock? Round to the nearest cent.

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