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

question 72

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 P/E ratios for its competitors,the highest expected stock price for Novartis is closest to:

• A)$31.86.
• B)$44.35.
• C)$51.09.
• D)$62.60.

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Definitions:

National Hockey League

The premier professional ice hockey league in North America, comprising teams from the United States and Canada, known for its high level of competition and skill.

Goals/G

A statistical measure in sports that calculates the average number of goals scored per game by a team or player.

Win%

A statistical representation, often in sports, denoting the percentage of games or matches won by a team or individual.

Residuals

Differences between observed values and the expected values predicted by a model, used as a diagnostic measure to assess the fit of a statistical model.