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Not yet answered Marked out of 3.125 Question 7 Flag question Next year, earnings of...

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Not yet answered Marked out of 3.125 Question 7 Flag question Next year, earnings of ABC Ltd are forecast to be $0.86 per share, and it is expected to pay a dividend of $0.10. On average, the shares trade at a P/E multiple of 15 times. Using the P/E multiple approach to valuation, at what price would you expect ABC's shares to trade in the future? Please round your answer to the nearest whole cent but exclude the $ sign when typing your answer (i.e. $2.11 should be entered as 2.11)

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