Question
Company Ticker Price per Share Earnings per Share Book Value per Share Abbott Labs ABT $54.35 $3.69 $13.79 Bristol-Myers-Squibb BMY $25.45 $1.93 $7.33 Merck MRK
Company | Ticker | Price per Share | Earnings per Share | Book Value per Share |
Abbott Labs | ABT | $54.35 | $3.69 | $13.79 |
Bristol-Myers-Squibb | BMY | $25.45 | $1.93 | $7.33 |
Merck | MRK | $36.25 | $3.81 | $10.86 |
Pfizer | PFE | $18.30 | $1.20 | $8.19 |
Assuming that Novartis AG (NVS) has an EPS of $3.35, based upon the P/E ratios for its competitors, the highest expected stock price for Novartis is closest to:
| a. | $51.09. | |
| b. | $44.35. | |
| c. | $62.60. | |
| d. | $31.86. | |
| e. | 73.25 |
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Understanding Financial Accounting
Authors: Christopher D. Burnley
2nd Canadian Edition
1119406927, 978-1119406921
