Question
You have found the following historical information for the Daniela Company over the past four years: Year 1Year 2Year 3Year 4Stock price$51.15$60.32$69.54$63.00EPS2.622.743.023.18 Earnings are expected
You have found the following historical information for the Daniela Company over the past four years:
Year 1Year 2Year 3Year 4Stock price$51.15$60.32$69.54$63.00EPS2.622.743.023.18
Earnings are expected to grow at 12 percent for the next year. Using the company's historical average PE as a benchmark, what is the target stock price one year from today?(Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)
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Personal Financial Planning
Authors: Randy Billingsley, Lawrence J. Gitman, Michael D. Joehnk
14th edition
978-1305887725, 1305887727, 1305636619, 978-1305636613
