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Use the following information to answer this question: Windswept, Incorporated, has 3 0 0 million shares of stock outstanding. Its price - earnings ratio for

Use the following information to answer this question:

Windswept, Incorporated, has

300

million shares of stock outstanding. Its price

-

earnings ratio for

2021

16 .

What is the market price per share of stock? Write down your calculation.

(10 %)

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