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Suppose office supply retailer, Staples, Inc. has earnings per share of $0.74. If the average P/E of comparable office supply retailer stocks is 18.8, estimate

Suppose office supply retailer, Staples, Inc. has earnings per share of $0.74. If the average P/E of comparable office supply retailer stocks is 18.8, estimate a value for Staples stock using the P/E as a valuation multiple.

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