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Can anyone help me solve this problem? New York Times Co. (NYT) recently earned a profit of $3.01 per share and has a P/E ratio
Can anyone help me solve this problem?
New York Times Co. (NYT) recently earned a profit of $3.01 per share and has a P/E ratio of 20.10. The dividend has been growing at a 6.00 percent rate over the past six years: If this growth rate continues, what would be the stock price in four years if the P/E ratio remained unchanged? What would the price be If the P/E ratio increased to 25 in four years? (Round your answers to 2 decimal places.) Step by Step Solution
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