P$9-1$

As of February $2008,$ you a rearching Jonash International, a hypothetical company subject to cyclical demand for its services. Jonash shares closed at $$57\mathrm{.}98$ on February $2,2007.$ You believe the $2003-2006$ period reasonably captures average profitability:

$\backslash$table$[[$Measure$,2007,2006,2005,2004,],[$EPS$,E$$$3\mathrm{.}03,$$$1\mathrm{.}45,$$$2\mathrm{.}23,$$$2\mathrm{.}13,],[$BV per share,$E$$$19\mathrm{.}20,E16\mathrm{.}0\%,$$$16\mathrm{.}21,$$$2\mathrm{.}55,],[$ROE$,,8\mathrm{.}9\%,$$$14\mathrm{.}52,1\mathrm{.}6\%,]]$

$3$

$1$ point

Calculate the P$/$E for Jonash from the normalized EPS based on the method of historical average EPS.

$($Round your answer to $3$ decimal places. For example, if your answer is $89\mathrm{.}12345,$ enter $89\mathrm{.}123)$

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