Question
XYZ stock's current earnings per share are $2.50 and are projected to grow 12% over the next 12-months. Typically, XYZ's price earnings multiple trades at
XYZ stock's current earnings per share are $2.50 and are projected to grow 12% over the next 12-months. Typically, XYZ's price earnings multiple trades at about 80% of its growth rate. What is the target or expected price of XYZ 12-months hence?
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Financial Management EMEA Theory And Practice
Authors: Michael Ehrhardt, Roland Fox, Eugene Brigham
2nd Edition
1473760216, 9781473760219
