Explanation of Solution Determine the increase in stock price Stock Pr ice = [EPS × PERatio] = [82.4673 x 15] = $37.0095 Therefore the increase in stock price is $37.0095 The reasons on whether the...

How is EPS calculated? Where did you get 2.4673? Thank you

Extracted text: Explanation of Solution Determine the increase in stock price Stock Pr ice = [EPS × PERatio] = [82.4673 x 15] = $37.0095 Therefore the increase in stock price is $37.0095 The reasons on whether the preferred stock includes a call provision are as follows: Yes, to have the capacity to constrain conversion if the market value increases higher than the call cost. If the EPS ascends to $2.4673 in the year 2023, and the price earnings ratio stays at 15 times, the stock cost will go to $37.01, making constrained conversion conceivable. Though the potential investors will demand call assurance for no less than 5 and perhaps for a long time.