Question: Multiple Choice Question A firm is expected to have net earnings of $1,480,000 three years from now. There are 500,000 shares of stock outstanding. The

Multiple Choice Question A firm is expected to have net earnings of $1,480,000 three years from now. There are 500,000 shares of stock outstanding. The firm's current P/E ratio is 18 and it is expected to remain at that level. What is the firm's expected stock price for year 3? Multiple choice question. $44.29 $53.28 $49.16 $55.07

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