# finance (stock price)

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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2. 👎
3. 👁
1. Yes

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2. 👎

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