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The Spring Flower Co. has earnings of $1.95 per share. The benchmark PE for the company is 12.

What stock price would you consider appropriate? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)

Stock price $

What if the benchmark PE were 15? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)
Stock price $

Financial Management, Finance

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