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Suppose the earnings per share of a stock is $2 and the current price/earnings (P/E) ratio is 10. What is the current price of the

Suppose the earnings per share of a stock is $2 and the current price/earnings (P/E) ratio is 10. What is the current price of the stock?

$8

$40

$20

$35

$5

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Principles of Corporate Finance

Principles of Corporate Finance

Authors: Richard Brealey, Stewart Myers, Franklin Allen

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