Answered step by step
Verified Expert Solution
Question
...
1 Approved Answer
ups Target (TGT) recently eamed a profit of $4.15 per share and has a P/E ratio of 23.19. Earnings have been growing at 11.5 percent
ups Target (TGT) recently eamed a profit of $4.15 per share and has a P/E ratio of 23.19. Earnings have been growing at 11.5 percent per year over the past few years. If this growth continues, what would the stock price be in five years If the P/E ratio remains unchanged? What would the price be in five years of the P/E ratio declined to 20? indar OOK $14175.5128.20 respectively O 516585 51430 respectively Help O $170.25. 146.83 respectively O $109.83 5169.71 respectively
![image text in transcribed](https://s3.amazonaws.com/si.experts.images/answers/2024/07/66912a1396c5a_52266912a12f264a.jpg)
Step by Step Solution
There are 3 Steps involved in it
Step: 1
![blur-text-image](https://dsd5zvtm8ll6.cloudfront.net/includes/images/document_product_info/blur-text-image.webp)
Get Instant Access with AI-Powered Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
![blur-text-image](https://dsd5zvtm8ll6.cloudfront.net/includes/images/document_product_info/blur-subtext-image.webp)
Step: 3
![blur-text-image](https://dsd5zvtm8ll6.cloudfront.net/includes/images/document_product_info/blur-subtext-image.webp)
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started