Business, 14.04.2020 17:01, juliannxkim

Due to growing demand for computer software, the Shine Company has had a very successful year and expects its earnings per share to grow by 25 percent to reach $5.50 for this year. Estimate the price of the company's common stock assuming the industry's price/earning ratio is 12. A. $66 B. $21.80 C. $45.80 D. $65

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Due to growing demand for computer software, the Shine Company has had a very successful year and ex...