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You've got a hot stock tip from your broker for Mr. Green's Beans company. Right now they have an Earnings Per Share on their stock
You've got a hot stock tip from your broker for Mr. Green's Beans company. Right now they have an Earnings Per Share on their stock of $2. Due to the company's expansion into pinto beans, your broker thinks the stock will inflate to a 14 P/E ratio in 4 years. Some forecasters think the EPS could grow at 30% per year over the next 4 years.
In 4 years, what does your broker think Mr. Green Beans stocks' Price per Share will be?
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