currently, a firm has an EPS of $2.08 and a benchmark PE of 12.7. Earning are expected to grow by 3.8 percent annually. What is
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For simplicity, we will assume 52 weeks in a year (instead of 365 days).
The rate of interest per week actually charged is
Effective Annual Rate (EAR) is obtained by <em>compounding</em> the weekly rate for one year (52 weeks)
=4454629.97%
note: most calculators may not display this value with sufficient accuracy.
The corresponding APR is obtained by <em>multiplying</em> the weekly rate by 52
=1188.57%
The rate of interest per week actually charged is
Effective Annual Rate (EAR) is obtained by <em>compounding</em> the weekly rate for one year (52 weeks)
=4454629.97%
note: most calculators may not display this value with sufficient accuracy.
The corresponding APR is obtained by <em>multiplying</em> the weekly rate by 52
=1188.57%