Lear & Co has a PE of 17, a forward PE of 14.5, and a price of $67.40 per share. The company has 85.2 million shares outstanding. Net income for next year is projected to be closest to: O A. $396.0 million. O B. $832.7 million. C. $337.8 million.
Lear & Co has a PE of 17, a forward PE of 14.5, and a price of $67.40 per share. The company has 85.2 million shares outstanding. Net income for next year is projected to be closest to: O A. $396.0 million. O B. $832.7 million. C. $337.8 million.
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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Question
![Lear & Co has a PE of 17, a forward PE of
14.5, and a price of $67.40 per share. The
company has 85.2 million shares
outstanding. Net income for next year is
projected to be closest to:
O A. $396.0 million.
O B. $832.7 million.
O C. $337.8 million.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fde623c10-ef3b-4bed-a459-f166acb86a4d%2Fd3584829-9fa9-41ee-b94b-2310d20d1f91%2F2a0ib5_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Lear & Co has a PE of 17, a forward PE of
14.5, and a price of $67.40 per share. The
company has 85.2 million shares
outstanding. Net income for next year is
projected to be closest to:
O A. $396.0 million.
O B. $832.7 million.
O C. $337.8 million.
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