Value of Stock
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The current price of stock corp stock is $26.50 per share. Earnings next year should be $2 per share and it should pay a $1 dividend. The P/E multiple is 15 times an average. What price would you expect for future stock _______
$13.50, $15.00, $26.50, or $30.00
please advise answer & show why - thanks much!
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Solution Summary
Value of Stock is assessed.
$2.49