15. Price Ratios (LO4, CFA4) An analyst estimates the earnings per share and price-to-earnings ratio for a

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15. Price Ratios (LO4, CFA4) An analyst estimates the earnings per share and price-to-earnings ratio for a stock market series to be $43.50 and 26 times, respectively. The dividend payout ratio for the series is 65 percent. The value of the stock market series is closest to:

a. 396

b. 735

c. 1,131

d. 1,866

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Fundamentals Of Investments Valuation And Management

ISBN: 9781260013979

9th Edition

Authors: Bradford Jordan, Thomas Miller, Steve Dolvin

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