Solved: The stock price should be expected to adjust, Finance Basics

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The stock price should be expected to adjust

Question:

For the past five years, National Widget company has had a PE ratio of 23. The company's current market price is $43 per share. The company announced todat that its EPS for the past year was $1.80. Based on the company's historical trends, the stock price should be expected to adjust to _____ per share.

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Finance Basics: The stock price should be expected to adjust

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