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the answer is at the end of the problem ( ) 7. Electronics Galore has historically had a P/E ratio of 23.4. This ratio is

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the answer is at the end of the problem ( )

7. Electronics Galore has historically had a P/E ratio of 23.4. This ratio is considered a good estimate of the future ratio. The firm currently has EPS of $1.68. These earnings are expected to increase by 4.2 percent next year. What is the expected price of this stock one year from now? ($40.96) Page 7 of 9

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