Company XYZ closed at $$53\mathrm{.}97$ per share with a P$/$E ratio of $17\mathrm{.}77.$ Answer the following questions.

a$.$ How much were earnings per share?

b$.$ Does the stock seem overpriced, underpriced, or about right given that the historical P$/$E ratio is $12-14?$

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?

Overpriced

About right

Underpriced