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Question
Miller's Farm has 120,000 shares of stock outstanding, sales of $850,000, and net income of $55,000. Financial analysts believe the price-earnings ratio for this firm should be 15.8. Given this information, what should be the current stock price?A. $7.24
B. $8.87
C. $14.85
D. $14.57
E. $15.21
Answer
This answer is hidden. It contains 32 characters.
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