You have found the following historical information for DEF Company: Year 2 Year 3 Year 4 Year1 $47.59 $58.69 Stock Price $52.42 $56.88 $2.45 $2.68 EPS $2.97 $3.78 Earnings are expected to grow at 7...

You have found the following historical information for DEF Company:<br>Year 2<br>Year 3<br>Year 4<br>Year1<br>$47.59<br>$58.69<br>Stock Price<br>$52.42<br>$56.88<br>$2.45<br>$2.68<br>EPS<br>$2.97<br>$3.78<br>Earnings are expected to grow at 7 percent for the next year. Using the company's historical average<br>PE as a benchmark, what is the target stock price in one year? Answer to two decimals.<br>

Extracted text: You have found the following historical information for DEF Company: Year 2 Year 3 Year 4 Year1 $47.59 $58.69 Stock Price $52.42 $56.88 $2.45 $2.68 EPS $2.97 $3.78 Earnings are expected to grow at 7 percent for the next year. Using the company's historical average PE as a benchmark, what is the target stock price in one year? Answer to two decimals.

Jun 08, 2022

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You have found the following historical information for DEF Company: Year 2 Year 3 Year 4 Year1 $47.59 $58.69 Stock Price $52.42 $56.88 $2.45 $2.68 EPS $2.97 $3.78 Earnings are expected to grow at 7...

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