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If you look at stock prices over any year, you will find a high and low stock price for the year. Instead of a single

If you look at stock prices over any year, you will find a high and low stock price for the year. Instead of a single benchmark PE ratio, we now have a high and low PE ratio for each year. We can use these ratios to calculate a high and a low stock price for the next year. Suppose we have the following information on a particular company:
Year 1 Year 2 Year 3 Year 4
High price $88.22 $101.02 $122.62 $134.29
Low price 70.0483.6279.46110.72
EPS 6.558.978.6310.22
Earnings are projected to grow at 6 percent over the next year.
What are the high and low PE ratios for each year?
Note: Do not round intermediate calculations and round your answers to 2 decimal places, e.g.,32.16.
What are the average high and low PE ratios over this period?
Note: Do not round intermediate calculations and round your answers to 2 decimal places, e.g.,32.16.
What is the high target stock price over the next year?
Note: Do not round intermediate calculations and round your answer to 2 decimal places, e.g.,32.16.
What is the low target stock price over the next year?
Note: Do not round intermediate calculations and round your answer to 2 decimal places, e.g.,32.16.

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