Question
You have found the following historical information for the Daniela Company: Year 1 Year 2 Year 3 Year 4 Stock price $45.79 $59.22 $66.44 $62.72
| You have found the following historical information for the Daniela Company: |
| Year 1 | Year 2 | Year 3 | Year 4 | |
| Stock price | $45.79 | $59.22 | $66.44 | $62.72 |
| EPS | 2.44 | 2.50 | 2.67 | 2.66 |
| Earnings are expected to grow at 11 percent for the next year. |
| Using the company's historical average PE as a benchmark, what is the target stock price in one year? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) |
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Understanding The Finance Of Welfare
Authors: Howard Glennerster
2nd Edition
1847421091, 978-1847421098
