Use the following information to answer the question(s) below.

Company	Ticker	Price per Share	Earnings per Share	Book Value per Share
Abbott Labs	ABT	54.35	3.69	13.79
BristolMyersSquibb	BMY	25.45	1.93	7.33
GlaxoSmithKline	GSK	41.3	3.15	6.03
Johnson & Johnson	JNJ	62.6	4.58	18.27
Merck	MRK	36.25	3.81	10.86
Pfizer	PFE	$18.30	$1.20	8.19

Assuming that Novartis AG (NVS) has an EPS of $3.35, based upon the P/E ratios for its competitors, the highest expected stock price for Novartis is closest to:

.

$51.09

B.

$62.60

C.

$31.86

D.

$44.35