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Question
Electronics Galore has historically had a P/E ratio of 23.4. This ratio is considered a good estimate of the future ratio. The firm currently has EPS of $1.68. These earnings are expected to increase by 4.2 percent next year. What is the expected price of this stock one year from now?A. $39.31
B. $40.96
C. $41.25
D. $42.78
E. $43.79
Answer
This answer is hidden. It contains 40 characters.
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