Assume that a firm's earnings per share (EPS) are expected to be $1.35 next year and that analysts have determined that an appropriate forward-looking multiple is 20 times the projected earnings. What should the stock price be?

A) $11.35
B) $20.00
C) $27.00
D) $28.75

C
Explanation: C) Price = EPS * multiple = $1.35 * 20 = $27.00.

Business

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a. true b. false

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If police illegally obtain evidence from a warrantless search that incriminates an accused, that accused's counsel may be able to get that evidence excluded from trial because of the:

A) Exclusionary Rule. B) Public Defender Rule. C) Attorney/Client Privilege. D) Double Jeopardy Privilege.

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