Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Oct 06, 2024

Sankey Co. has earnings per share of $4.35. The benchmark PE is 19.6 times. What stock price would you consider appropriate? A. $45.06 B. $23.95

Sankey Co. has earnings per share of $4.35. The benchmark PE is 19.6 times. What stock price would you consider appropriate?

A. $45.06 B. $23.95 C. $43.26 D. $65.16 E. $85.26

Step by Step Solution

There are 3 Steps involved in it

Step: 1

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

Step: 3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Contemporary Conflict Resolution

Authors: Oliver Ramsbotham, Tom Woodhouse, Hugh Miall

3rd Edition

0745649742,1509509542

More Books

Students also viewed these Finance questions

Question

★★★★★

Determine the economic service life and corresponding AW value for a machine that has the following cash flow estimates. Use an interest rate of 14% per year and handsolution. Salvage Value, $...

Answered: 1 week ago

Question

★★★★★

9. Oral communication is also known as: (a) verbal communication (b) non-verbal communication (c) impersonal communication (d) face-to-face communication

Answered: 1 week ago

Question

★★★★★

Capital Co. has a capital structure, based on current market values, that consists of 50 percent debt, 10 percent preferred stock, and 40 percent common stock. If the returns required by investors...

Answered: 1 week ago

Question

★★★★★

You are saving for retirement. To live comfortably, you decide you will need to save $ 2,000,000 by the time you are age 65. Today is your 23rd birthday, and you decide, starting today and continuing...

Answered: 1 week ago

Question

★★★★★

Currently, Forever Flowers Inc. has a capital structure consisting of 3 0 % debt and 7 0 % equity. Forever's debt currently has an 9 % yield to maturity. The risk - free rate ( rRF ) is 6 % , and the...

Answered: 1 week ago

Question

★★★★★

Problem 1: Analysis of performance of the cubic spline. Prepare a code implementing Lagrange's interpolating polynomial P(x) for function y = f(x) on the interval [a, b] using n + 1 equally spaced...

Answered: 1 week ago

Question

★★★★★

305 mg of C6H12O6 in 55.2 mL of solution whats the molarity

Answered: 1 week ago

Question

★★★★★

Think of an experience you, a family member, or a friend have had with healthcare. Gauge the experience against the Institute of Medicine's (IOM) six aims, and identify any opportunities for...

Answered: 1 week ago

Question

★★★★★

Amazons database doesn't support very large numbers, so numbers are stored as a string of binary characters, ' O ' and ' 1 ' . Accidentally, a T was entered at some positions. and it is unknown...

Answered: 1 week ago

Question

★★★★★

13. Without using a function, calculate the 5% projection in 2021 using a formula that subtracts the manufacturing cost and the shipping cost from the sales price and then multiplies the result by...

Answered: 1 week ago

Previous Question Next Question