Question
The current P/E ratio for Wonka Inc. is 9.77. The company earned $4.35 per share and paid a dividend of $1.25 last year. You estimate
The current P/E ratio for Wonka Inc. is 9.77. The company earned $4.35 per share and paid a dividend of $1.25 last year. You estimate that Wonka Inc. will continue to grow at an annual rate of 14% over the next 5 years. What do you anticipate as the expected stock price in 5 years?
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Financial Management Theory And Practice
Authors: Eugene F. Brigham, Michael C. Ehrhardt
17th Edition
0357714482, 9780357714485
