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vesna_86 [32]
3 years ago
7

Sankey Co. has earnings per share of $4.40. The benchmark PE is 197 times, What stock price would you consider appropriate? A. 4

2.98 B. $2410 C. $65.73 D. $86.68E. $44.77
Business
1 answer:
shepuryov [24]3 years ago
4 0

Answer:

$44.77

Explanation:

Sankey corporation has earning per share of $4.40

The benchmark PE is 197 times

Therefore the appropriate stock price can be calculated as follows

= 197/4.40

= $44.77

Hence the appropriate stock price is $44.77

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