If you look at stock prices over any year, you will find a high and low...

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If you look at stock prices over any year, you will find a high and low stock price for the year. Instead of a single benchmark PE ratio, we now have a high and low PE ratio for each year. We can use these ratios to calculate a high and a low stock price for the next year. Suppose we have the following information on a particular company: High price Year 1 $85.32 68.14 6.45 79.32 8.87 Year 2 Year 3 Year 4 $94.32 $115.32 $127.39 84.76 105.32 8.53 10.12 Low price EPS Earnings are expected to grow at 5 percent over the next year. a. What is the high target stock price over the next year? Note: Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16. b. What is the low target stock price over the next year? Note: Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16. a. High target price b. Low target price If you look at stock prices over any year, you will find a high and low stock price for the year. Instead of a single benchmark PE ratio, we now have a high and low PE ratio for each year. We can use these ratios to calculate a high and a low stock price for the next year. Suppose we have the following information on a particular company: High price Year 1 $85.32 68.14 6.45 79.32 8.87 Year 2 Year 3 Year 4 $94.32 $115.32 $127.39 84.76 105.32 8.53 10.12 Low price EPS Earnings are expected to grow at 5 percent over the next year. a. What is the high target stock price over the next year? Note: Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16. b. What is the low target stock price over the next year? Note: Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16. a. High target price b. Low target price