Question
An industry peer group has a P/E multiple of 15, while your firm has expected earning of $50mm next year, and currently has 12mm shares
An industry peer group has a P/E multiple of 15, while your firm has expected earning of $50mm next year, and currently has 12mm shares outstanding. What do you expect your stock price to be in one year?
A. $62.50
B. $4.17
C. Not enough information provided
D. $40.00
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International Financial Management
Authors: Cheol Eun, Bruce Resnick
5thEdition
0073382345, 9780073382340
