The current price of Pfizer stock is $40.00 per share. Earning next year is expected to be $3.00 per share and it should pay a $1.60 dividend each share. The industry P/E multiple is 20 times on average. What price would you expect for Pfizer stock next year?

Answer rating: 100% (QA)

To determine the expected price of Pfizer stock next year we can use the PricetoEarnings P... View the full answer