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Early in 2019, Mathew is analyzing shares of Janeff Corp. He expects the following dividends per share (end of year): 2019 $1.00 2020 $1.25 2021

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Early in 2019, Mathew is analyzing shares of Janeff Corp. He expects the following dividends per share (end of year): 2019 $1.00 2020 $1.25 2021 $1.50 He expects 2021 earnings per share to be $4.50 and the P/E ratio to be 20. His required rate of return for this stock is 12%. He should pay no more than $67.02 per share. $43.75 per share $68.75 per share. $93.75 per share

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