Suppose Bart Corp. recently earned a profit of $5.10 per share and has a P/E ratio of 11 . The profits per share have been growing at a 6 percent rate over the past few years. If this growth continues, what would be the stock price in four years if the P/E ratio remained unchanged? Hint: This is a two-step problem. Estimate first the profit per share for year 4 . Then, apply the P/E model. 76.22 66.23 81.50 70.82