Sally is looking to invest in Agricon Products when its P/E ratio is lower than 15. Each share is currently projected to earn $1

Question

3 years ago

8

Sally is looking to invest in Agricon Products when its P/E ratio is lower than 15. Each share is currently projected to earn $1

.30 this year. Which of the stock prices listed below would give the P/E ratio she is looking for?
I. $18 a share
II. $19 a share
III. $20 a share

Mathematics

1 answer:

Scorpion4ik [409] · Answer 1 · 2022-08-20T16:48:19+03:00

The right answer for the question that is being asked and shown above is that: "III. $20 a share ." Sally is looking to invest in Agricon Products when its P/E ratio is lower than 15. Each share is currently projected to earn $1.30 this year. The stock prices listed below would give the P/E ratio she is looking for is that III. $20 a share