Hello. I've read my book, researched, and attempted and I CANNOT figure this out. I would love if someone could explain to me how to figure this out so I can fully understand. THANK YOU!
Question:
New York Times Co. (NYT) recently earned a profit of $1.91 per share and has a P/E ratio of 19.55. The dividend...
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Hello. I've read my book, researched, and attempted and I CANNOT figure this out. I would love if someone could explain to me how to figure this out so I can fully understand. THANK YOU!
Question:
New York Times Co. (NYT) recently earned a profit of $1.91 per share and has a P/E ratio of 19.55. The dividend has been growing at an 8.50 percent rate over the past six years.
If this growth rate continues, what would be the stock price in five years if the P/E ratio remained unchanged? What would the price be if the P/E ratio increased to 24 in five years? (Round your answers to 2 decimal places.)
Stock Price: $____
Stock price with P/E: $_____
THANK YOU IN ADVANCE!!
4 answers
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1 day ago