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Problem 7-13 Stock Valuation and PE Ratio [LO 2] The Sleeping Flower Co. has earnings of $1.66 per share. If the benchmark PE for the
Problem 7-13 Stock Valuation and PE Ratio [LO 2]
The Sleeping Flower Co. has earnings of $1.66 per share.
If the benchmark PE for the company is 23, how much will you pay for the stock? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) Current stock price $_____________
If the benchmark PE for the company is 26, how much will you pay for the stock? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) Current stock price $_____________
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