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New York Times Co. (NYT) recently earned a profit of $2.01 per share and has a P/E ratio of 19.60. The dividend has been growing
New York Times Co. (NYT) recently earned a profit of $2.01 per share and has a P/E ratio of 19.60. The dividend has been growing at a 9.50 percent rate over the past six years. If this growth rate continues, what would be the stock price in six years if the P/E ratio remained unchanged? What would the price be if the P/E ratio increased to 25 in six years? (round your answers to 2 decimal places)
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