The Sleeping Flower Co. has earnings of $1.56 per share. If the benchmark PE for
ID: 2661157 • Letter: T
Question
The Sleeping Flower Co. has earnings of $1.56 per share.
If the benchmark PE for the company is 19, how much will you pay for the stock? (Do not round intermediate calculations. Round your answer to 2 decimal places (e.g., 32.16).)
If the benchmark PE for the company is 22, how much will you pay for the stock? (Do not round intermediate calculations. Round your answer to 2 decimal places (e.g., 32.16).)
If the benchmark PE for the company is 19, how much will you pay for the stock? (Do not round intermediate calculations. Round your answer to 2 decimal places (e.g., 32.16).)
Explanation / Answer
The Sleeping Flower Co. has earnings of $1.56 per share.
If the benchmark PE for the company is 19, how much will you pay for the stock? (Do not round intermediate calculations. Round your answer to 2 decimal places (e.g., 32.16).)
Current stock price = earnings per share* PE Ratio
Current stock price = 1.56*19
Current stock price = 29.64
Answer:
If the benchmark PE for the company is 22, how much will you pay for the stock? (Do not round intermediate calculations. Round your answer to 2 decimal places (e.g., 32.16).)
Current stock price = earnings per share* PE Ratio
Current stock price = 1.56*22
Current stock price = 34.32
Answer:
If the benchmark PE for the company is 19, how much will you pay for the stock? (Do not round intermediate calculations. Round your answer to 2 decimal places (e.g., 32.16).)
Current stock price = earnings per share* PE Ratio
Current stock price = 1.56*19
Current stock price = 29.64
Answer:
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