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Sully Corp. currently has an EPS of $2.24, and the benchmark PE ratio for the company...

Sully Corp. currently has an EPS of $2.24, and the benchmark PE ratio for the company is 22. Earnings are expected to grow at 8 percent per year. What is your estimate of the current stock price? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)

Find Stock price ? $

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Answer #1

PE ratio is equal to=Stock price/EPS

Stock price=(2.24*22)

which is equal to

=$49.28

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