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The Perfect Rose Co. has earnings of $2.35 per share. The benchmark PE for the company is 28. What stock price would you consider appropriate

Respuesta :

Answer:

$65.8

Explanation:

According to the given situation, the computation of stock price is shown below:-

PE = Stock price ÷ Earnings per share

Stock price = $2.35 × 28

= $65.8

Therefore we have applied the above formula for determining the stock price.

And, the same is to be considered so that the correct answer could come

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