Question: Suppose that a security earned $4 per share for the year and has a price of $100 per share. Earnings are expected to grow at

Suppose that a security earned $4 per share for the year and has a price of $100 per share. Earnings are expected to grow at 0.12 % annually for the next five years. Also suppose the PE multiple is expected to increase 0.1% between now and five years.

EPS	$4.00
Price	$100
Growth Rate	12%
PE Change	10%
Years	5

What is the expected price in five years?

The expected price in 5 years is $ . Round your answer to the nearest two decimal places.

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