The Sleeping Flower Co. has earnings of $4.64 per share. The benchmark PE for the company...

The Sleeping Flower Co. has earnings of $4.64 per share. The benchmark PE for the company is 24.12. What stock price would you consider appropriate?

(Round answer to two decimals, i.e. 32.16)

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Expert Solution

PE = Price / EPS

24.12 = Price / $4.64

Price = 24.12 * $4.64

Price = $111.92

jeff jeffy answered 2 years ago

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