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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

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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 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: High price Low price EPS Year 1 $98.30 73.13 7.58 Year 2 $121.90 89.24 Year 3 $131.30 69.92 10.41 Year 4 $147.93 116.45 11.80 9.33 Earnings are projected to grow at 7 percent over the next year. What is your high target stock price over the next year? (Do not round intermediate calculations and round your final answer to 2 decimal places. (e.g., 32.16)) High target stock price $D What is your low target stock price over the next year? (Do not round intermediate calculations and round your final answer to 2 decimal places. (e.g., 32.16)) Low target stock price $

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