Question: Question 1 - Less nave forecast Given the following data for a hypothetical corporation & its stock. CURRENT YEAR FORECAST NEXT YEAR SALES $575.0 million

Question 1 - "Less nave" forecast Given the following data for a hypothetical corporation & its stock. CURRENT YEAR FORECAST NEXT YEAR SALES $575.0 million DECLINE OF 3% FROM CURRENT YEAR NET PROFIT MARGIN 4.5% 4.2% 15.5 15.7 NUMBER SHARES O/S (MILLIONS) P/E RATIO 22.0 x 19.0 x Suppose current stock price is $28. Rate of return stockholders require (K) is 12%. Determine whether you should buy or sell this stock. Show all formulas & calculations

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