If you look at stock prices over any year you will find a high and low stock price for the year. Instead of a single benchmark PE ratio we now have a high
and low PE ratio for each year. We can use these ratios to calculate a high and a low stock price for the next year. Suppose we have the following information
on a particular company:
Earnings are expected to grow at 8.5 percent for the next year.
What is the high target stock price in one year? Do not round intermediate calculations. Round your answer to 2 decimal places
What is the low target stock price in one year? Do not round intermediate calculations. Round your answer to 2 decimal places