Stock Valuation and PE, You have found the following historical information for the Daniela Company over the
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Question:
Stock Valuation and PE, You have found the following historical information for the Daniela Company over the past four years: Must use Excel formulas and include the spreadsheet.
Year 1 Year 2 Year 3 Year 4
Stock price $53.13 $58.45 $70.31 $61.12
EPS 2.35 2.47 2.78 3.04
Earnings are expected to grow at 11 percent for the next year. Using the company's historical average PE as a benchmark, what is the target stock price one year from today?
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