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XYZ Company operates in the retail sector. John, in an attempt to estimate the value of shares in XYZ , has found that average retail

XYZ Company operates in the retail sector. John, in an attempt
to estimate the value of shares in XYZ, has found that average
retail sector PE ratio is 30. If an analyst predicts the EPS for
XYZ in the next period to be $2.20 per share, which of the
following seems to be the appropriate value of an XYZ share? Select
one: A. $32.20 B. $15.00 C. $60.00 D. $66.00 E. $13.64

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