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Suppose typical pharmaceutical firms have a P/E ratio of 14. The EPS of Johnson & Johnson (J&J) is $5. What is the estimated price of

Suppose typical pharmaceutical firms have a P/E ratio of 14. The EPS of Johnson & Johnson (J&J) is $5. What is the estimated price of J&J based on P/E ratio? O $50 O $65 O $70 O None of the above

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