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:

Consideration

Something of value promised to another when making a contract.

Edmonton

The capital city of Alberta, Canada, known for its cultural, governmental, and educational institutions.

Calgary

A city in the Canadian province of Alberta, known for its high quality of life and as a center for Canada's oil industry.

Invitation to Treat

An indication by a person that they are prepared to negotiate the terms of an offer, but it is not in itself an offer that can be accepted to form a contract.