What would be the stock price in 5 years if the pe ratio


A firm has recently earned a profit of $1.55 per share and has a P/E ratio of 17.85x. The dividend is expected to grow at 7.00% for the next 5 years. If this growth rate continues, what would be the stock price in 5 years if the P/E ratio remained unchanged?

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Financial Management: What would be the stock price in 5 years if the pe ratio
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