Use the Following Information to Answer the Question(s)below

question 18

Multiple Choice

Use the following information to answer the question(s) below.
-Assuming that Novartis AG (NVS) has an EPS of $3.35,based upon the average price-to-book ratio for its competitors,Novartis' stock price is closest to:

• A)$13.00.
• B)$22.95.
• C)$39.70.
• D)$44.35.

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Definitions:

Philosophies/Ideologies

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Net Neutrality

The rule that dictates internet providers must allow access to all content and applications, no matter their origin, without giving preferential treatment or obstructing specific products or websites.

Contingent Consideration

An obligation to transfer additional assets or equity interests if certain predefined conditions are met post-acquisition.

Equity

The residual interest in the assets of an entity after deducting liabilities, representing the ownership value held by shareholders.