Multiple Choice
Suppose that the average P/E multiple in the oil industry is 22. Exxon is expected to have an EPS of $1.50 in the coming year. The intrinsic value of Exxon stock should be
A) $33.00.
B) $35.55.
C) $63.00.
D) $72.00.
E) None of the options are correct.
Correct Answer:
Verified
Correct Answer:
Verified
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