Question: Please explain the steps you took to get your answer Suppose that ABC Corporation has five-year average price to earnings ratio of 15 , current

Please explain the steps you took to get your answer

Suppose that ABC Corporation has five-year average price to earnings ratio of 15 , current earnings per share of $10 and five year projected annual earnings per share growth rate of 8 percent. Given this information, what is ABC 's expected stock price in one year? 137.69 178.2 162. 145.8 153.9

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