4 planet amp son ps is expected to earn 787 per share next, Ask an Expert

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4. Planet & Son (PS) is expected to earn $7.87 per share next year. If the average P/E ratio of firms in PS's industry is 17.5 based on forecast earnings, what market price should we expect for PS? Show Work
a. $137.73
b. $141.66
c. $153.65
d. $164.27
e. Need more information

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