Analysts are projecting that CB Railways will have earnings per share of $3.90. If the average industry ratio is about 25, what is the current price of CB Railways?

Corporate Fin Focused Approach
5th Edition
ISBN:9781285660516
Author:EHRHARDT
Publisher:EHRHARDT
Chapter12: Corporate Valuation And Financial Planning
Section12.6: Additional Funds Needed (afn) Equation Method
Problem 5ST
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Need answer the general accounting question

Analysts are projecting that CB Railways will have
earnings per share of $3.90. If the average industry
ratio is about 25, what is the current price of CB
Railways?
Transcribed Image Text:Analysts are projecting that CB Railways will have earnings per share of $3.90. If the average industry ratio is about 25, what is the current price of CB Railways?
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