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Question
Currently, Southern Foods has sales of $1.32 million, net profit of $521,400, and 125,000 shares of stock outstanding. The sales and net profit are each expected to grow by 6 percent annually. The historical P/S ratio is 7.8. What is the expected price of this stock one year from now?A. $32.54
B. $34.49
C. $82.37
D. $85.15
E. $87.31
Answer
This answer is hidden. It contains 51 characters.
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