Answer:
The stock price of QRST is determined by multiplying the earnings per share of $1.56 by the P/E ratio of 32.48, resulting in a stock price of $50.67.
Step-by-step explanation:
To calculate the stock price of a company given the earnings per share and the P/E ratio, you multiply these two figures. In this case, with earnings per share (EPS) of $1.56 and a P/E ratio of 32.48, the stock price is found by multiplying the two: Stock Price = EPS × P/E Ratio. So, the stock price of QRST would be $1.56 × 32.48 = $50.67.