Question

Refer to Table 7–5 on page 182. Assume that because of unusually bright long-term prospects, analysts determine that Johnson & Johnson’s P/E ratio in 2011 should be 10 percent above the average high J&J P/E ratio for the last 10 years. (Carry your calculation of the P/E ratio two places to the right of the decimal point in this problem.) What would the stock price be based on projected earnings per share of $5.35 (for 2011)?


$1.99
Sales0
Views34
Comments0
  • CreatedSeptember 21, 2015
  • Files Included
Post your question
5000