Company XYZ closed at $49.64 per share with a P/E ratio of 16.34. Answer the following questions. How much were earnings per share? Does the stock seem overpriced, underpriced, or about right given that the historical P/E ratio is 12-14? a. b.

Mathematics For Machine Technology
8th Edition
ISBN:9781337798310
Author:Peterson, John.
Publisher:Peterson, John.
Chapter24: Percent Practical Applications
Section: Chapter Questions
Problem 32A: A manufacturer estimates that 15,500 pieces per day could be produced with the installation of new...
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Company XYZ closed at $49.64 per share with a P/E ratio of 16.34. Answer the following questions.
How much were earnings per share?
Does the stock seem overpriced, underpriced, or about right given that the historical PIE ratio is 12-14?
а.
b.
.....
a. How much were earnings per share?
| (Round to the nearest cent as needed.)
Transcribed Image Text:Company XYZ closed at $49.64 per share with a P/E ratio of 16.34. Answer the following questions. How much were earnings per share? Does the stock seem overpriced, underpriced, or about right given that the historical PIE ratio is 12-14? а. b. ..... a. How much were earnings per share? | (Round to the nearest cent as needed.)
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