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Company XYZ closed at $46.52 per share with a P/E ratio of 18.23. Answer the following questions. How much were eamings per share? Does the

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Company XYZ closed at $46.52 per share with a P/E ratio of 18.23. Answer the following questions. How much were eamings per share? Does the stock seem overpriced, underpriced, or about right given that the historical P/E ratio is 12-14 a. b. a. How much were earnings per share? (Round to the nearest cent as needed.) b. Based on the fact that Company XYZ stock historically trades at an average P/E ratio of 12-14, does the stock price seem overpriced, underpriced, or about right? O About right O Overpriced O Underpriced

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