Homework Answers
| Given, | |||
| Earning per share | $3.35 | ||
| P/E | 17.6 times | ||
| We know, | |||
| P/E multiples= Price per share/Earnings per share | |||
| So, | |||
| Price per share= P/E multiples* Earnings per share | |||
| 17.6*$3.35 | |||
| $58.96 | |||
| Answer: Option B |
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Sankey Co. has earnings per share of $3.35. The benchmark PE is 17.6 times. What stock...
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Chapter 7, Question #4 The Blooming Flower Co. has earnings of $1.74 per share. points a....
Chapter 7, Question #4
The Blooming Flower Co. has earnings of $1.74 per share. points a. If the benchmark PE for the company is 12, how much will you pay for the stock? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) b. If the benchmark PE for the company is 16, how much will you pay for the stock? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g.,...
Flex Co. just paid total dividends of $850,000 and reported additions to retained earnings of $2,550,000....
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please help The Lumber Yard is considering adding a new product line that is expected to...
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Flex Co. just paid total dividends of $625,000 and reported additions to retained earnings of $1,875,000. The company has 535,000 shares of stock outstanding and a benchmark PE of 15.5 times. What stock price would you consider appropriate? πο29 Multiple Choice Ο Ο Ο Ο Ο Knightmare, Inc., will pay a dividend of $6.75, $10.85, and $14.05 per share for each of the next three years, respectively. The company will then close its doors. Investors require a return of 10.4...
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Chapter 7, Question #4
The Blooming Flower Co. has earnings of $1.74 per share. points a. If the benchmark PE for the company is 12, how much will you pay for the stock? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) b. If the benchmark PE for the company is 16, how much will you pay for the stock? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g.,...
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