The price of C. F. Eye Care Corporation (CFEC) is currently $23 per share. Their earnings per share (EPS) is $1.25. Their 5-year average P/E is 22. If CFEC’s earnings per share are expected to grow at 6% next year, what would you expect their price to be?

Answer rating: 100% (QA)

Assuming CFECs earnings per share grow at 6 next year the... View the full answer