Essentials Of Investments
Essentials Of Investments
11th Edition
ISBN: 9781260013924
Author: Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher: Mcgraw-hill Education,
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The current price of PTO Industries stock is $94.58 per share. Current earnings per share are $4.68, the earnings growth rate is 4 percent, and PTO does not pay a dividend. The expected return on PTO stock is 13] percent. What one-year ahead P/E ratio is consistent with PTO's expected return and earnings growth rate? Answer to two decimal places.

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