Question: Instructions Do not do any interim rounding. For numeric answers, state values to 2 decimal places (24.50 for dollar values or 2.50 for years, etc),
| Instructions | Do not do any interim rounding. For numeric answers, state values to 2 decimal places (24.50 for dollar values or 2.50 for years, etc), and percentages as percentages to 2 decimal places (9.25 not .0925). Do not include labels such as $, %, or words. For multiple-choice questions, choose the best answer. |
|---|
Oomingmak Company had earnings last year of $5.63 a share and these is expected to grow at 4.75% for the next 5 years. The average PE for the industry is 13.1. Using this information, Oomingmak's stock price in five years is estimated to be:
| A. | $93.01. | |
| B. | $67.43. | |
| C. | $77.26. |
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
