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Chevron corporation is currently selling at $101 per share. The current P/E is 9.0 and next year they are expected to earn $12.00 per share.

Chevron corporation is currently selling at $101 per share. The current P/E is 9.0 and next year they are expected to earn $12.00 per share. If the P/E ratio approaches that of rival Exxon 11 (which earned $15.00 per share) next year what should the price of Chevron be next year?

Question 8 options:

$165.00

$135.00

$108.00

$132.00

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