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New York Times Co. (NYT) recently earned a profit of $1.51 per share and has a P/E ratio of 19.35. The dividend has been growing
New York Times Co. (NYT) recently earned a profit of $1.51 per share and has a P/E ratio of 19.35. The dividend has been growing at an 8.25 percent rate over the past six years. If this growth rate continues, what would be the stock price in four years if the P/E ratio remained unchanged? What would the price be if the P/E ratio increased to 25 in four years? (Round your answers to 2 decimal places.) Stock price $ Stock price with new P/E $
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