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Suppose that Texas Trucking (TT) has earnings per share of $5.2. You believe that Oklahoma Logistics and Transport (OLT) is comparable to TT in terms

Suppose that Texas Trucking (TT) has earnings per share of $5.2. You believe that Oklahoma Logistics and Transport (OLT) is comparable to TT in terms of its underlying business. OLT has a P/E of 10.5.

Based upon the price earnings multiple, the value of a share of Texas Trucking is closest to:

Answers:

$54.6

$43.10

$35.2

$27.6

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