Question
RAK, Inc., currently has an EPS of $1.40 and an earnings growth rate of 7 percent. If the benchmark PE ratio is 31, what is
RAK, Inc., currently has an EPS of $1.40 and an earnings growth rate of 7 percent. If the benchmark PE ratio is 31, what is the target share price five years from now?(Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)
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Foundations of Financial Management
Authors: Stanley Block, Geoffrey Hirt, Bartley Danielsen
16th edition
125927716X, 978-1259687969, 1259687961, 978-1259277160
