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The 5-year average P/E ratio for a firm is 20.00. This year s earning per share is $5.00 and it is expected to at a
The 5-year average P/E ratio for a firm is 20.00. This year s earning per share is $5.00 and it is expected to at a constant growth rate of 6%.
What is the projected stock price for the next year?
| A. | $4 |
| B. | $104 |
| C. | $80.25 |
| D. | $94.33 |
| E. | $106 |
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