Historically, Jones Trucking Has Had a P/E Ratio of 14

question 103

Multiple Choice

Historically, Jones Trucking has had a P/E ratio of 14.6. The firm has current net income of $92,000 with 85,000 shares of stock outstanding. The EPS growth rate is 4.5 percent. What is the expected price of this stock one year from now?

• A)$15.32
• B)$15.85
• C)$16.41
• D)$16.51
• E)$17.10

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