Compute Topp Companys price-earnings (PE) ratio if its common stock has a market value of...
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Compute Topp Companys price-earnings (PE) ratio if its common stock has a market value of $20.54 per share and its earnings per share (EPS) is $3.95. Topp's key competitor, Lower Deck, has a price-earnings (PE) ratio of 9.5. For which company does the market have higher expectations of future performance?
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