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