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New York Times Co. (NYT) recently earned a profit of $1.41 per share and has a P/E ratio of 19.30. The dividend has been growing
New York Times Co. (NYT) recently earned a profit of $1.41 per share and has a P/E ratio of 19.30. The dividend has been growing at a 7.25 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 24 in six years? (Round your answers to 2 decimal places.)
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