What assumptions must be made to determine the highest and lowest value of stock using P/E ratios

Question:

What assumptions must be made to determine the highest and lowest value of stock using P/E ratios and the growth model?

Dividend
A dividend is a distribution of a portion of company’s earnings, decided and managed by the company’s board of directors, and paid to the shareholders. Dividends are given on the shares. It is a token reward paid to the shareholders for their...