You have found the following historical information for the Daniela Company: Stock price EPS Year 1...
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You have found the following historical information for the Daniela Company: Stock price EPS Year 1 $ 49.01 2.58 Year 2 $ 66.22 2.64 Year 3 $ 61.54 2.81 Year 4 $ 66.78 2.80 Earnings are expected to grow at 13 percent for the next year. Using the company's historical average PE as a benchmark, what is the target stock price in one year? Note: Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16. Target price You have found the following historical information for the Daniela Company: Stock price EPS Year 1 $ 49.01 2.58 Year 2 $ 66.22 2.64 Year 3 $ 61.54 2.81 Year 4 $ 66.78 2.80 Earnings are expected to grow at 13 percent for the next year. Using the company's historical average PE as a benchmark, what is the target stock price in one year? Note: Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16. Target price
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