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Question
Historically, Jones Trucking has had a P/E ratio of 14.6. The firm has current net income of $92,000 with 85,000 shares of stock outstanding. The EPS growth rate is 4.5 percent. What is the expected price of this stock one year from now?A. $15.32
B. $15.85
C. $16.41
D. $16.51
E. $17.10
Answer
This answer is hidden. It contains 51 characters.
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