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Please do this by hand and not in excel! Thank you so much!! 5. Given the information below for Seger Corporation, compute the expected share
Please do this by hand and not in excel! Thank you so much!!
5. Given the information below for Seger Corporation, compute the expected share price at the end of 2014 using price ratio analysis. (Do not round intermediate calculations. Round your answers to 2 decimal places. Omit the "$" sign in your response.) Year 2008 2009 2010 2011 2012 2013 Price $ 84.90 $ 90.80 $ 89.50 $ 87.00 $ 108.50 $ 123.90 EPS 2.70 3.41 4.21 4.91 7.65 8.65 CFPS 7.92 8.76 9.10 10.77 12.19 13.36 SPS 66.50 71.50 70.90 74.40 85.60 93.60 Hints: 1. Find the average P/E 2. Find the average growth in EPS (earnings per share) 3. Project the EPS for 2014 4. Apply the average P/E ratio to find the share price in 2014
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