w nal current price of Auto Zone stock if the retailer's earnings per share is projecte $1.85? A) $21.85 B $37 C) $10.81 D) $9.25 34) A weakness of the PE approach to valuing stock is that it is A) difficult to estimate the constant growth rate of a firm's dividends. B) difficult to estimate the required return on equity. C) difficult to predict how much a firm will pay in dividends. D) based on industry averages rather than firm-specific factors. A 65 The 2001 terrorist attacks and the Enron financial scandal caused anticip- dividend growth to investors' required return on equity to