Question
My company's common stock normally sells for 19 times its earnings; that is, its P/E ratio equals 19. If my company's earnings per share are
My company's common stock normally sells for 19 times its earnings; that is, its P/E ratio equals 19. If my company's earnings per share are $3.70, what should be its stock price under normal circumstances?
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Investment Analysis and Portfolio Management
Authors: Frank K. Reilly, Keith C. Brown, Sanford J. Leeds
11th Edition
1305262999, 1305262997, 035726164X, 978-1305262997
