Multiple Choice
The current price of DEF Corporation stock is $26.50 per share. Earnings next year should be $2 per share and it should pay a $1 dividend. The P/E multiple is 15 times on average. What price would you expect for DEF's stock in the future?
A) $26.50
B) $13.50
C) $15.00
D) $30.00
Correct Answer:
Verified
Correct Answer:
Verified
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