PQR Co. has earnings of $3.13 per share. The benchmark PE for company is 13. What stock price (to two decimals) would you consider appropriate?

Managerial Accounting
15th Edition
ISBN:9781337912020
Author:Carl Warren, Ph.d. Cma William B. Tayler
Publisher:Carl Warren, Ph.d. Cma William B. Tayler
Chapter16: Financial Statement Analysis
Section: Chapter Questions
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PQR Co. has earnings of $3.13 per share. The benchmark PE for company is 13. What stock price (to
two decimals) would you consider appropriate?
Transcribed Image Text:PQR Co. has earnings of $3.13 per share. The benchmark PE for company is 13. What stock price (to two decimals) would you consider appropriate?
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