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For example, a company that earned $2.00 per share last year is cur- rently trading at $6.00 per share, in theory a cheap price, as
For example, a company that earned $2.00 per share last year is cur-
rently trading at $6.00 per share, in theory a cheap price, as an investor
could see the purchase prige earned back in 3 years if the earnings re-
mained unchanged.
how do they become 3 years ?
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Principles Of Managerial Finance
Authors: Chad J. Zutter, Scott Smart
16th Edition
0136945880, 978-0136945888
