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“Cigno Co has estimated that Anatra Co’s manufacturing business should be valued at a factor of 1.2 times higher than the industry’s average price-to- earnings ratio. ”
sir don’t you think there is a flaw in this sentence? it says that 120% higher than average PE which means its effectively 220% of a average PE. so if avg PE is 8, antara’s unit MV should be 8×2.2=17.6?
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