In 2023, Tesla stock traded at $180 when earnings per share were $4.50. If earnings increase by 15% in 2024 and all other relationships remain constant, what will be the stock price?

Pfin (with Mindtap, 1 Term Printed Access Card) (mindtap Course List)
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ISBN:9780357033609
Author:Randall Billingsley, Lawrence J. Gitman, Michael D. Joehnk
Publisher:Randall Billingsley, Lawrence J. Gitman, Michael D. Joehnk
Chapter11: Investment Planning
Section: Chapter Questions
Problem 7FPE: Using the Value Line Investment Survey report in Exhibit 11.5, find the following information for...
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Provide correct answer general Accounting

In 2023, Tesla stock traded at $180 when
earnings per share were $4.50. If earnings
increase by 15% in 2024 and all other
relationships remain constant, what will be the
stock price?
Transcribed Image Text:In 2023, Tesla stock traded at $180 when earnings per share were $4.50. If earnings increase by 15% in 2024 and all other relationships remain constant, what will be the stock price?
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