Question
You have found the following historical information for DEF Company: Year1 Year 2 Year 3 Year 4 Stock Price $48.03 $50.97 $56.03 $58.72 EPS $2.18
You have found the following historical information for DEF Company:
Year1 Year 2 Year 3 Year 4
Stock Price $48.03 $50.97 $56.03 $58.72
EPS $2.18 $2.85 $3.14 $3.89
Earnings are expected to grow at 9 percent for the next year. Using the company's historical average PE as a benchmark, what is the target stock price in one year? Answer to two decimals.
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Principles Of Project Finance
Authors: E. R. Yescombe
2nd Edition
0123910587, 9780123910585
