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A firm belongs to an industry whose median forward P/E ratio is 15.54. This P/E ratio is expected to be constant in the next several
A firm belongs to an industry whose median forward P/E ratio is 15.54. This P/E ratio is expected to be constant in the next several years. The firm's earnings per share this year (EPS0) is $8.08. The earnings per share is expected to grow at a rate of 5.04 percent per year in the next five years. Calculate the expected price of this firm's stock three years from today.
Group of answer choices
$131.89
$131.89
$181.90
$145.52
$125.56
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