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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 tow stock price for the next year. Suppose we have the following information on a particular company: Earnings are expected to grow at 5.5 percent tor the next year. What is the high target stock price in one year? (Do not round intermediate calculations. Round your answer to 2 decimal places (e.g., 32.16).) What is the low target stock price in one year? (Do not round intermediate calculations Round your answer to 2 decimal places (e.g., 32.16).)

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