Suppose RBC Has a Current Share Price of $75

question 13

Multiple Choice

Suppose RBC has a current share price of $75.25 and an EPS of 6.57.Its competitor,CIBC,has an EPS of 8.94.Using the method of comparables,what is the expected price of CIBC stock?

• A)$58.74
• B)$45.63
• C)$102.36
• D)$11.45
• E)$55.30

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