If the Industry P/E Ratio Normally Varies from 15 to 20,which

Multiple Choice

If the industry P/E ratio normally varies from 15 to 20,which of the following prices is most appropriate for a company that has an EPS equal to $3?

A) $57.60
B) $40.00
C) $188.20
D) $43.20
E) Not enough information is given to answer this question.