Question: Given current earnings ( E 0 ) of $ 3 . 5 0 and a growth rate of 6 percent, how much should yoube willing

Given current earnings (E0) of $3.50 and a growth rate of 6 percent, how much should yoube willing to pay for the stock if the P/E ratio is 15?
a) $28.75b) $20.54c) $23.25d) $55.65e) $205.38

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