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Suppose APPL has expected earnings per share (EPS) of $0.8 and the industry's P/E ratio is 19. What is the value of the stock implied

Suppose APPL has expected earnings per share (EPS) of $0.8 and the industry's P/E ratio is 19. What is the value of the stock implied by the industry P/E?

19.8

23.8

15.2

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