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4. P/E Ratios. Favorita Candy’s stock is expected to earn $2.40 per share this year. Its P/E ratio is 18. What is the stock price? (LO7-1)

4. P/E Ratios. Favorita Candy’s stock is expected to earn $2.40 per share this year. Its P/E ratio is 18. What is the stock price? (LO7-1)
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4. P/E Ratios. Favorita Candy’s stock is expected to earn $2.40 per share this year. Its P/E ratio is 18. What is the stock price? (LO7-1)

User Iamamac
by
8.9k points

1 Answer

1 vote

Answer:

2.4*18 = $43.2

stock price is $43.2

Explanation:

User Brian Barnes
by
7.9k points
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