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You have found the following historical information for DEF Company: Earnings are expected to grow by 5 . 9 2 percent for the next year

You have found the following historical information for DEF Company:
Earnings are expected to grow by 5.92 percent for the next year (Year 5). Using the
company's historical average PE as a benchmark, what is the target stock price (in $) in one
year?
Answer to two decimals
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