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

question 47

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 P/E ratio for its competitors,Novartis' stock price is closest to:

• A)$13.00.
• B)$31.86.
• C)$43.47.
• D)$44.35.