In 2009, Drago Company reported earnings per share of $9.50 when its stock was selling for $228.

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In 2009, Drago Company reported earnings per share of $9.50 when its stock was selling for $228. In 2010, its earnings increased by 13 percent. If all other relationships remain constant, what is the price of the stock? Explain.

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Financial Accounting

ISBN: 978-0073526881

6th Edition

Authors: Libby, Short

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Question Posted: Jul 27, 2012 02:31 AM

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In 2009, Drago Company reported earnings per share of $9.50 when its stock was selling for $228.

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Financial Accounting

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