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The current price of Fukushima Power Co. stock is $32.50 per share. Earnings next year should be $2.5 per share and it should pay $1

The current price of Fukushima Power Co. stock is $32.50 per share. Earnings next year should be $2.5 per share and it should pay $1 dividend. The P/E multiple is 15 times on average in this industry. What price would you expect for the firm's stock in the future if you believe the P/E multiple approach is correct?

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