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If a stock's P/E ratio is 16.8 at a time when earnings are $2.50 per year, what is the stock's current price?

If a stock's P/E ratio is 16.8 at a time when earnings are $2.50 per year, what is the stock's current price?

Corporate Fin Focused Approach
Corporate Fin Focused Approach
5th Edition
ISBN:9781285660516
Author:EHRHARDT
Publisher:EHRHARDT
Chapter7: Valuation Of Stocks And Corporations
Section7.4: Valuing Common Stocks
Problem 3ST
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What is the stock's current price on these financial accounting question?

If a stock's P/E ratio is 16.8 at a time when earnings are $2.50 per year, what is the stock's current price?
Transcribed Image Text:If a stock's P/E ratio is 16.8 at a time when earnings are $2.50 per year, what is the stock's current price?
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