Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. finance
  3. please male sure the answer is correct and explain

Please male sure the answer is correct and explain how you got it, thanks! ...

90.2K

Verified Solution

Question

Finance

Please male sure the answer is correct and explain how you got it, thanks!
image
If you look at stock prices over any year, you will find a high and low stock price for the year, Instead of a single benchmark PE ratio. we now have o high and low. PE ratio for each year. We can use these rotios to calculate a high and a low stock price for the next year. Suppose we have the following information on a particular company: Earnings are expected to grow at 7 percent over the next year: Q. What is the high target stock price over the next year? Note: Do not round intermediate calculations and round your answer to 2 decimal places, e.g-, 32.16. b. Whot is the low target stock price over the next year? Note: Do not round intermediate calculations and round your answer to 2 decimal places, e.9., 32.16

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Zin AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

300 words response Respond to the following hypothetical scenario. Your doctor informs you that your brain has...

Psychology
Q

Draw a PLC ladder logic diagram to simulate the operation of a sequential taillight system. The...

Electrical Engineering
Q

23 Four identical capacitors are connected as shown in diagram When a battery of 6V...

Physics
Q

Next list all the members of AUB n C MY NOTES Let U 2 3...

Basic Math
Q

Grand Sun Buffet is a large restaurant chain After paying for a meal at Grand...

Statistics
Q

An industrial engineer conjectures that a major difference between successful and unsuccessful companies is the...

Statistics
Q

Martel sold 4 coins at a loss on november 14 2021 and bought the same...

Accounting
Q

20. (12 POINTS ASSUME 500 HOURS PER CALENDAR QUARTER PAYROLL TAXES, SS, UE, WC =25%...

Accounting
Q

Where is the theaters control system lacking? Are the controls themselves weak or incomplete, or...

Accounting
Q

5-8, 5-15, on pages 227 to 231 EXERCISE 58 Compute the Margin...

Accounting
Q

A company makes calculators that sell for $20 each. For the coming year, management expects...

Accounting
Q

please help!! Required information Problem 14-15 (Algo)...

Accounting