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Suppose the industry average P/E ratio for oil and gas industry is 7. And suppose the earnings per share estimate for ConocoPhillips is $2.55. What

Suppose the industry average P/E ratio for oil and gas industry is 7. And suppose the earnings per share estimate for ConocoPhillips is $2.55. What is the intrinsic price of ConocoPhillipss stock?

A. $2.75

B. $17.85

C. $13.04

D. $15

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