CHAPTER $7$: Calculate Return

If the $\frac{P}{E}$ is $18$ today and rises to $20$ in a year, and earnings today are $$2\mathrm{.}00$ and rise to

$$2\mathrm{.}18,$ what is the return? Assume that dividends over the next year are $$1\mathrm{.}80.$

Remember:

Return $=($price at time $1/$ price at time $0$