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The average P/E price-to-earnings per share) ratio for companies in a particular industry is 35.9. You are looking to value a firm in that industry,
The average P/E price-to-earnings per share) ratio for companies in a particular industry is 35.9. You are looking to value a firm in that industry, which does not yet pay dividendsThe company's earnings this year are expected to be $21,100,000, and the stock has 14,300,000 shares outstanding. What would be a good estimate for the value of a share of this company's stock?
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