USE THE INFORMATION BELOW FOR THE FOLLOWING PROBLEM(S)

question 53

Multiple Choice

USE THE INFORMATION BELOW FOR THE FOLLOWING PROBLEM(S)
Harcourt Industries currently has an 18 percent annual growth rate, while the market average is 8 percent. The market multiple is 12.
-Refer to Exhibit 9.12. Determine the P/E ratio for Harcourt Industries assuming Harcourt can maintain its superior growth rate for the next three years.

• A) 4.25
• B) 12.50
• C) 15.67
• D) 30.10
• E) 42.80

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Definitions:

Genome Researchers

Scientists who study the complete set of DNA in an organism, including all of its genes, to understand genetic bases of traits and diseases.

Chromosomes

Structures within cells that contain DNA and carry genetic information essential for cell division, development, and functioning of an organism.

Genes

Units of heredity made up of DNA that encode the instructions for building and maintaining an organism.

Heredity

The transmission of physical or mental characteristics from one generation to the next through genetics.