Question
Walmart (WMT) recently earned a profit of $3.13 per share and has a P/E ratio of 14.22. Earnings have been growing at 12.5% per year
Walmart (WMT) recently earned a profit of $3.13 per share and has a P/E ratio of 14.22. Earnings have been growing at 12.5% 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?
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Financial Markets and Institutions
Authors: Jeff Madura
12th edition
9781337515535, 1337099740, 1337515531, 978-1337099745
