Multiple Choice Questlon

A firm is expected to have net earnings of $$4\mathrm{.}00$ per share of stock outstanding. The firm's current $\frac{P}{E}$ ratio is $14$ and it is expected to remain at that level. Wha

the firm's expected stock price for year $2?$

$$18\mathrm{.}00$

$$56\mathrm{.}00$

$$53\mathrm{.}28$

$$102\mathrm{.}00$