Question
Sully Corp. currently has an EPS of $2.41, and the benchmark PE ratio for the company is 18. Earnings are expected to grow at 5
Sully Corp. currently has an EPS of $2.41, and the benchmark PE ratio for the company is 18. Earnings are expected to grow at 5 percent per year. What is your estimate of the current stock price? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) Stock price $ What is the target stock price in one year? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) Stock price in one year $ Assuming the company pays no dividends, what is the implied return on the company's stock over the next year? (Do not round intermediate calculations and enter your answer as a percent rounded to 1 decimal place, e.g., 32.2.) Implied return
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