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The current price of DEF Corporation stock is R26.50 per share. Earnings next year should be R2 per share and it should pay a R1

The current price of DEF Corporation stock is R26.50 per share. Earnings next year should be R2 per share and it should pay a R1 dividend. The P/E multiple is 15 times on average. What price would you expect for DEF's stock in the future?

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