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Abbott Laboratories ( ABT ) engages in the discovery, development, manufacture, and sale of a line of health care and pharmaceutical products. Below you will

Abbott Laboratories (ABT) engages in the discovery, development, manufacture, and
sale of a line of health care and pharmaceutical products. Below you will find selected
information from Value Line. Use the Value Line estimated 2012 figures as the actual
year-end figures for the company. The beta reported was .6 and the risk-free rate was
4.73 percent. Assume a market risk premium of 8 percent.
The high and low share price each year were:
The high and low share price each year were:
Using the P/E, P/CF, and P/S ratios, estimate the 2013 share price for Abbott
Laboratories. Use the average stock price each year to calculate the price ratios. (Do not
round intermediate calculations. Round your answers to 2 decimal places. Omit the
"$" sign in your response.)
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