1. What are the implications of liquidity on assets pricing? What’s the difference between fundamental analysis and technical analysis?
2. New York Times Co. (NYT) recently earned a profit of $2.31 per share and has a P/E ratio of 19.75. The dividend has been growing at a 7.75 percent rate over the past six years.
If this growth rate continues, what would be the stock price in six years if the P/E ratio remained unchanged? What would the price be if the P/E ratio increased to 22 in six years? (Round your answers to 2 decimal places.)