Essentials Of Investments
11th Edition
ISBN: 9781260013924
Author: Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher: Mcgraw-hill Education,
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Favorita candy's stock is expected to earn $4.30 per share this year. It's P/E ratio is 21. What is the stock price?
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The stock price is calculated by multiplying earning per share by the P/E ratio.
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