3. What is its 52-week range? Bank of America was referred to at the beginning of the...
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3. What is its 52-week range?
Bank of America was referred to at the beginning of the chapter as a firm that had a low valuation in the marketplace. Go to finance.yahoo.com and type BAC into the “Get Quotes” box.
Click on the “Profile” section on the home page and write a one paragraph description of the company’s activities. Return to the home page and write down the company’s P/E ratio. Is it still relatively low (under 15)? Click on “Competitors” and compare Bank of America to Wells Fargo (WFC) based on the P/E ratio and the PEG ratio (the P/E ratio divided by annual growth).
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Foundations Of Financial Management
ISBN: 9780073382388
13th Edition
Authors: Stanley B. Block, Geoffrey A. Hirt, Bartley R. Danielsen
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