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October 21, 2014

Homework Help: finance (stock price)

Posted by Jason on Friday, July 25, 2008 at 2:19pm.

A firm with earning per share of $5 and a price-earnings ration of 15 will have a stock price of?

P/E ratio = stock price / earnis per share

15 = X / 5

X = 15(5)

x = 75

FINAL ANSWER stock price is $75.00

Is this correct?

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