Lamonica Motors just reported earnings per share of $ 2 . 0 0 . The stock has
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Question:
Lamonica Motors just reported earnings per share of $ The stock has a price earnings ratio of so the stocks current price is $ per share. Analysts expect that one year from now the company will have an EPS of $ and it will pay its first dividend of $ per share. The stock has a required return of percent. What price earnings ratio must the stock have one year from now so that investors realize their expected return?
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