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One hundred million Shares of stock have been outstanding for the entire period. The price of Florida Tech Company stock in 20X1, 20X2, and 20X3 was $39.27, $26.10, and $11.55 respectively. Calculate the firm's Earnings per Share (EPS), and its Price Earnings Ratio (P/E).What's happening to the P/E? To what things are investors likely to be reacting? How would a slowdown in personal computer sales affect your reasoning?

Financial Management, Finance

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