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Electronics Galore Has Historically Had a P/E Ratio of 23

Question 7

Multiple Choice

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

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