Homework Answers
The market value of the stock is :
market value/ book value = 1.9
therefore, the market value or the current stock price is = $74.21
So, the P/E ratio : market price per share/ earnings per share (EPS)
= 74.21/ 4.20
=17.67
So, the P/E ratio os the stock is 17.67 X (ROUNDED OFF TO TWO DECIMAL PLACES)
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