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the current price of pfizer stock is $40 per share. earnings next year is expected to be $3.00 per share and it should pay a

the current price of pfizer stock is $40 per share. earnings next year is expected to be $3.00 per share and it should pay a $2.40 dividend each share. the industry P/E multiple is 20 times on average. what price would you expect for pfizer stock next year?
a. $48
b. $60
c. $72
D. none

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