The stock market’s relentless push higher has made the cost of paying for an average company’s stock price higher than ever.
Whether it’s Google Inc. GOOG -1.02% topping $900 last month, Apple Inc. joining the $700 club in September or Priceline.com Inc. PCLN -0.48% clearing the $800 barrier, a number of stocks are trading at much loftier levels now than they were even just a few years ago.
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