
Fundamentals Of Financial Management, Concise Edition (mindtap Course List)
10th Edition
ISBN: 9781337902571
Author: Eugene F. Brigham, Joel F. Houston
Publisher: Cengage Learning
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Subject is General Account

Transcribed Image Text:A fertilizer manufacturing company has an
industry average P/E ratio of 20. The
company's earnings per share (EPS) are
projected to be $6.50.
What should be the company's share price
based on the industry P/E ratio?
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