Question
PC Co. currently has an EPS of $.89 and the benchmark P/E ratio for its industry is expected to be 18. What is the target
PC Co. currently has an EPS of $.89 and the benchmark P/E ratio for its industry is expected to be 18. What is the target price in one year, if the P/E ratio next year is now expected to be 24?
| $16.80 | ||
| $22.42 | ||
| $15.89 | ||
| $18.00 | ||
| $34.50 |
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Financial Management Theory And Practice
Authors: Eugene F. Brigham, Michael C. Ehrhardt
17th Edition
0357714482, 9780357714485
