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Problem - For 2014, EAB Corporation reported net income of $78,750; net sales of $1,378,125; and weighted average shares outstanding of 10,500. There were no preferred dividends. What was the 2014 earnings per share?
A. $17.50
B. $7.50
C. $75.00
D. $131.25
The required return on this stock is 12 percent, what is the current share price?
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