Question
ully Corp. currently has an EPS of $2.51, and the benchmark PE ratio for the company is 21. Earnings are expected to grow at 6
ully Corp. currently has an EPS of $2.51, and the benchmark PE ratio for the company is 21. Earnings are expected to grow at 6 percent per year. Requirement 1: What is your estimate of the current stock price? (Do not round intermediate calculations. Round your answer to 2 decimal places (e.g., 32.16).) Stock price $ 52.71 Requirement 2: What is the target stock price in one year? (Do not round intermediate calculations. Round your answer to 2 decimal places (e.g., 32.16).) Stock price in one year $ Requirement 3: Assuming that the company pays no dividends, what is the implied return on the company's stock over the next year? (Do not round intermediate calculations. Round your answer to 1 decimal place (e.g., 32.2).)
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