GFM,IncEarned $4 a Share Last Year and It Is Expected

question 78

Multiple Choice

GFM,Inc.earned $4 a share last year and it is expected to earn $5 a share next year.Assuming a P/E ratio of 10,the price of the company's stock should be

• A)$40 a share.
• B)$50 a share.
• C)$90 a share.
• D)$0.50 a share.

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Definitions:

Motor Voter Law

Legislation that allows citizens to register to vote at the same time they apply for a driver's license or renew an existing license, aiming to simplify the voter registration process.

Pathway

A route or means of access that leads to a particular destination or outcome, usually referring to progress or transitions in life events or career trajectories.

Barrier

An obstacle that prevents movement or access or the achievement of a goal.

Less Developed Countries

Countries characterized by low levels of income, industrialization, and modernization, and often marked by high rates of poverty and economic vulnerability.