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XYZ Corporation earned $2 per share last year and is selling at $20 per share.

FINRA Series-7 Full Course Access
FINRA Series-7 View All Questions

XYZ Corporation earned $2 per share last year and is selling at $20 per share. If it earns $3 per share this year and its price/earnings ratio stays the same, its price will be:

A.

$20

B.

$25

C.

$30

D.

$60

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