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Company XYZ closed at $53.97 per share with a P/E ratio of 17.77. Answer the following questions. a. How much were earnings per share?
Company XYZ closed at $53.97 per share with a P/E ratio of 17.77. 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? O Overpriced About right O Underpriced
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