You have found the following historical information for the Daniela Company: Stock Price Year 1 $52.50 EPS = 2.80 Stock Price Year 2 $62.12 EPS = 2.92 Stock Price Year 3 $71.34 EPS = 3.20 Stock Price Year 4 $65.25 EPS= 3.45 Earnings are expected to grow at 21 percent for the next year. Using the company's historical average PE as a benchmark, what is the target stock price in one year?

International Financial Management
14th Edition
ISBN:9780357130698
Author:Madura
Publisher:Madura
Chapter13: Direct Foreign Investment
Section: Chapter Questions
Problem 1IEE
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You have found the following historical information solve this question accounting

You have found the following historical information for the Daniela
Company:
Stock Price Year 1 $52.50 EPS = 2.80
Stock Price Year 2 $62.12 EPS = 2.92
Stock Price Year 3 $71.34 EPS = 3.20
Stock Price Year 4 $65.25 EPS= 3.45
Earnings are expected to grow at 21 percent for the next year. Using
the company's historical average PE as a benchmark, what is the
target stock price in one year?
Transcribed Image Text:You have found the following historical information for the Daniela Company: Stock Price Year 1 $52.50 EPS = 2.80 Stock Price Year 2 $62.12 EPS = 2.92 Stock Price Year 3 $71.34 EPS = 3.20 Stock Price Year 4 $65.25 EPS= 3.45 Earnings are expected to grow at 21 percent for the next year. Using the company's historical average PE as a benchmark, what is the target stock price in one year?
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