lem 7.17: Georgetown Motorcars’ (GM) common stock normally sells for 19 times its earnings;

lem 7.17: Georgetown Motorcars’ (GM) common stock normally sells for 19 times its earnings;

Problem 7.17: Georgetown Motorcars’ (GM) common stock normally sells for 19 times its earnings; that is, its P/E ratio equals 19. If GM’s earnings per share are $3.70, what should be its stock price under normal circumstances?

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Problem 7.18: For the past 15 years, the P/E ratio of North/South Travel has been between 28 and 30. If North/South’s earnings per share equal $4, in what price range would you estimate its stock should be selling?

 

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