Question 13 1 points Save Answer Longs Drug, a large U.S. drugstore chain operating primarily in Northern California, had sales per share of $122 in 1993, on which it reported earnings per share of $2.45 and paid a dividend per share of $1.12. The company is expected to grow 6% in the long term, and has a bota of 0.00. The current T.Bond rate is 7% and the equity premium is 5.5%. Estimate the appropriate price/sales multiple for Longs Drug. 11.95% 16.29% 19.87% 15.36%