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Suppose that a security earned $4.28 per share for the year and has a price of $75 per share. Earnings are expected to grow at
Suppose that a security earned $4.28 per share for the year and has a price of $75 per share. Earnings are expected to grow at 0.12% annually for the next five years. Also suppose the PE multiple is expected to increase 0.1% betweer now and five years. What is the expected price in five years? The expected price in 5 years is $ Round your answer to the nearest two decimal places
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