Macoun Co'S Most Recent EPS Were $3

question 55

Multiple Choice

Macoun Co.'s most recent EPS were $3.25 and they are expected to grow at a rate of 5% for the near future.The stock currently sells for $48.75.What is the price to forecasted earnings ratio?

• A)15.00
• B)14.30
• C)15.75
• D).07

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