Answered: Ultra Petroleum (UPL) has earnings per…

Ultra Petroleum (UPL) has earnings per share of $1.56 and a P/E ratio of 32.48. What’s the stock price? (Round your answer to 2 decimal places.) STOCK PRICE

EBK CFIN

6th Edition

ISBN:9781337671743

Author:BESLEY

Publisher:BESLEY

Chapter7: Stocks (equity) - Characterstics And Valuation

Section: Chapter Questions

Problem 18PROB

See similar textbooks

Related questions

Q: Ketchup Corporation is currently trading at $35 per share. There are 8 million shares outstanding,…

A: We have to find the gain for an equity investor that uses leverage to acquire a majority stake in a…

Q: Mr. Smith has contributed $143.00 at the end of each month into an RRSP paying 3% per annum…

A: Calculation of Monthly Interest rate: Monthly rate on the RRSP is 0.246626977229991%

Q: If $3000.00 is invested for seven years and seven months at 6% p.a. compounded quarterly, calculate…

A: The time value of money means today's money value is more than the value of money tomorrow. In the…

Q: An 8.4 percent coupon bond issued by the state of Indiana sells for $1,000. What coupon rate on a…

A: Corporate Bond: A corporate bond represents a type of financial debt instrument that is issued by…

Q: Company decided to change its capital structure. Long term loan will be increased from 3 mio to 20…

A: A company is undergoing change in capital structure. We need to find the break even EBIT and then…

Q: hy dating can be considered a method to solve the adverse selection problem a. You are preventing…

A: In finance the data is very important and having proper and adequate data is very important because…

Q: Misu Sheet, owner of the Bedspread Shop, knows his customers will pay no more than $145 for a…

A: Mark up are important for business and companies because they can not survive without profit and…

Q: Windsor Company is considering two capital expenditures. Relevant data for the projects are as…

A: Internal rate of return is the rate of return where present value of cash inflows is equal to…

Q: The Province of Ontario issued a $6000 bond with coupon rate of 9%, redeemable on February 1, 2018.…

A: The bond is a debt instrument used by companies to raise capital from their investors. It differs…

Q: 9.) Find the first month of the amortization schedule for a fixed-rate mortgage if the loan amount…

A: A mortgage is a loan that is taken for purchasing a property with the property itself acting as…

Q: Ay 2. Suppose you take out a 30-year mortgage for a house that costs $390,284. Assume the following:…

A: A mortgage also referred to as a mortgage loan, is a legal agreement between the borrower and a…

Q: Use the following financial statements for Manufacturing Inc. to compute the 1) DSO 2) TIE 3) ROE…

A: Times interest earned is really used by bank, lenders and other financial institutions to assess…

Q: A corporate bond has a life of 10 years, and issues coupon payments of $80 per year for the first 4…

A: A bond is a debt instrument used by companies to raise capital from investors. These are tradeable…

Q: What is the expected return of the following portfolio? Amount Stock Invested A $42,240 B $26,201 C…

A: Expected return of a portfolio is the weighted return. Weight for each Stock is determined and then…

Q: Agate Marketing Inc. intends to distribute a new product. It is expected to produce net returns of…

A: CONCEPT. Net present value (NPV) is computed by deducting initial investment from present value of…

Q: A buyer's sales for October are estimated at $15,000. Her stock on October 1 is $38,000, and she has…

A: Estimated sales are $15,000. BOM stock is $38,000. Stock on Order is $21,600. Markdown is 8%. EOM…

Q: Calculate the accumulated value of monthly payments of $100.00 made at the end of each month for ten…

A: The regular fixed periodic payments made either at the end or at the beginning of each interval are…

Q: What is the correlation coefficient between returns on any efficient portfolio and returns on the…

A: Efficient portfolio is a type of portfolio which has eliminated all the non-systematic risk in the…

Q: 1. A special manufacturing and handling device was purchased by Alfonso Manufacturing for $200,000…

A: Net present value refers to the difference between the inflows and outflows of cash during a…

Q: Suppose you short sell 100 shares of Twitter priced at $50 a share. The initial margin is 50% and…

A: You have a short position. We need to show the initial balance sheet. We need to find the price that…

Q: It is time for the renewal of existing photocopying equipment at Runt Ltd. New equipment will cost…

A: According to bartleby guidelines , if question involves multiple subparts ,then 1st sub 3 parts…

Q: You manage a portfolio worth $10M, you estimate the volatility is 20% per annum, if log rate of…

A: We have a portfolio here with returns following log normal distribution. We have to find the 99% two…

Q: What is the relationship between the efficient frontier and the Capital Market Line? please answer…

A: Investing can be a complex and confusing process, but modern portfolio theory provides investors…

Q: A zero-coupon bond has a yield to maturity of 9% and a par value of $1,000. If the bond matures in…

A: Zero coupon bond is a type of Bond which issued at a discount and which will be redeemed at par…

Q: Compute RNOA, Net Operating Profit Margin, and NOA Turnover Selected balance sheet and income…

A: Ratio analysis is a method of measuring the company's performance, liquidity, and profitability. In…

Q: Your liabilities consist of a payment of $5 million coming due in two years and a payment of $4…

A: We have to find the duration and convexity of liabilities. There are fairly standard method and…

Q: A payment of $3,550 was due two years ago, and a payment of $1,100 is due today. What single payment…

A: The time value of money is the worth of money today is more than the worth of money tomorrow. The…

Q: According to portfolio theory, the total risk of a single risky asset can be divided into two types.…

A: The total risk of single asset is always the basis for expected rate of return of the Asset. Higher…

Q: What is the monthly payment size of a 21-year mortgage for $169 600 and an interest rate of 7.2%…

A: A mortgage is paid off by periodic payments at regular intervals. The payment comprises both…

Q: A $1,000 par value bond with an annual coupon rate of 5%, and callable at $1,050, can be converted…

A: concept. Convertible Bonds are the corporate bonds that can be converted into common stock of the…

Q: Ashton invested $8450 for five years in his savings account that was earning 3.2% compounded…

A: To calculate the future value we will use the below formula Future value = P*(1+r)n Where Invested…

Q: DOES NOT affect a firm's business risk. Question 9 options: A ) Revenue variability B) Input price…

A: Business Risk: Business risk refers to any exposure a firm has to factor(s) that may reduce its…

Q: 2. Comment on the following quotation from a leading investment analyst. "Stocks that move perfectly…

A: Beta of a stock represents systematic risk or market risk. Beta also represents sensitivity of a…

Q: Solve the problem using the information given in the table and the first- in, first-out inventory…

A: Solution:- As per First-In-First-Out (FIFO) method of inventory valuation, the inventory which is…

Q: Compute the expected return given these three economic states, their likelihoods, and the potential…

A: The expected return is calculated with the help of following formula Expected Return = R1 × P1 + R2…

Q: Dozen Corporation is owned equally by twelve unrelated individuals. Its taxable income this year is…

A: Data given: Taxable income=$100,000 Federal income tax liability=$21,000 Dividend received…

Q: Replacing old equipment at an immediate cost of $80,000 and an additional outlay of $25,000 three…

A: Net Present Value: NPV is a profitability measure and is measured in absolute dollar amounts. Thus,…

Q: V3. In the Marriott example, one discussion point considered when a firm might use a single hurtle…

A: When a company is looking to make investment decisions, one of the most important considerations is…

Q: a b C d e Amortization Payment Payment Period every year every 3 months every month every 6 months…

A: The amortized payment can be calculated using the present value of loan, payment frequency and…

Q: 1. various forms of business organization. Ways of managing a business organization. Overview of…

A: Corporate finance involves the financial decisions, strategies, and activities of an organization.…

Q: Question 30 (Chapter 29) A public corporation is the same thing as a publicly held corporation. A)…

A: A corporation is a legal entity that is separate and distinct from its owners, known as…

Q: The SPDR (Standard & Poor 500) ETF has average annual return of 1.5% and standard deviation of 9.1%.…

A: Value at risk is a statistical measure of determining the risk of a portfolio. It is calculated as…

Q: es Lohn Corporation is expected to pay the following dividends over the next four years: $12, $9,…

A: First we have to find the , dividends level off at a constant growth rate, and after that we will…

Q: The line and arrows at the top of the graph.show: Lilly Ell&Co. (LY) Stod Charts.com

A: The graph shown in the question relates to technical analysis of a stock. In case of technical…

Q: So-called "payday loans" are targeted primarily at "poor people" O True O False QUESTION 43 Term…

A: Pay-day loans are short-term loans that allow the person to borrow until the next payday. The…

Q: Keith bought a lakeside cottage for 30% down and monthly mortgage payments of $1224.51 at the…

A: The purchase price of an asset can be derived as the present value of all future cash flows…

Q: Assume you can purchase a 3 bedroom rental townhome for 350,000. The down payment required is 15%.…

A: Net Present Value The difference between the profit and cost generated by a particular project or…

Q: 3 Which of the following are in keeping with Corporate Governance? A Shareholders run the company…

A: Every organization has its goal, and for the purpose to achieve the company of goal run the…

Q: A company has an original capital structure of; $50,000 in Total Debt and $100,000 in Equity. The…

A: Data given: New debt=$100,000 Equity=$100,000 New cost of debt=9% Tax rate=45% Working Note #1…

Q: The operating expenses of a manufacturer last month were $5,000.00. This amount was 55% of gross…

A: Operating expenses are those expenses that are incurred to run normal business operation. examples…

Question

Ultra Petroleum (UPL) has earnings per share of $1.56 and a P/E ratio of 32.48.

What’s the stock price? (Round your answer to 2 decimal places.)

STOCK PRICE

Expert Solution

This question has been solved!

Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.

This is a popular solution!

SEE SOLUTION Check out a sample Q&A here

Information;

VIEW

Calculation of Stock price;

VIEW

Trending now

This is a popular solution!

Step by step

Solved in 2 steps

SEE SOLUTION Check out a sample Q&A here

Knowledge Booster

Learn more about

Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, finance and related others by exploring similar questions and additional content below.

Similar questions

The Castle Company recently reported net profits after taxes of $15.8 million. It has 2.5 million shares of common stock outstanding and pays preferred dividends of $1 million a year. The company’s stock currently trades at $60 per share. Compute the stock’s earnings per share (EPS). What is the stock’s P/E ratio? Determine what the stock’s dividend yield would be if it paid $1.75 per share to common stockholders.
How has Abercrombies stock performed this year relative to the SP 500?
Rebert Inc. showed the following balances for last year: Reberts net income for last year was 3,182,000. Refer to the information for Rebert Inc. above. Also, assume that the market price per share for Rebert is 51.50. Required: 1. Compute the dollar amount of preferred dividends. 2. Compute the number of common shares. 3. Compute earnings per share. (Note: Round to two decimals.) 4. Compute the price-earnings ratio. (Note: Round to the nearest whole number.)
Rebert Inc. showed the following balances for last year: Reberts net income for last year was 3,182,000. Refer to the information for Rebert Inc. above. Also, assume that the dividends paid to common stockholders for last year were 2,600,000 and that the market price per share of common stock is 51.50. Required: 1. Compute the dividends per share. 2. Compute the dividend yield. (Note: Round to two decimal places.) 3. Compute the dividend payout ratio. (Note: Round to two decimal places.)
Financial leverage Costco Wholesale Corporation (COST) and Wel-Mart Stroes Inc. (WMT)reported the following data (in milllions) for a recent year: Compute the return on stockholders equity. Round to one decimal place.
Ultra Petroleum (UPL) has earnings per share of $1.63 and a P/E ratio of 33.08.What’s the stock price? (Round your answer to 2 decimal places.)
Ultra Petroleum (UPL) has earnings per share of $1.67 and a P/E ratio of 33.16. What’s the stock price? (Round your answer to 2 decimal places.)
A company reports earnings per share on common stock of $2.00 when the market price of per share of common stock is $50.000. What is the company’s price-earnings ratio? Group of answer choices 25.0 5.0 $2.00 2.5
If the common stock of Comdisco pays an annual dividend of $0.28, has a PE ratio of 11, and closed at 25, what are the current earnings per share? a. $7.00 b. $2.27 c. $3.08 d. $1.12
ABD common stock is selling for $36.08 a share. The company has earnings per share of S.34 and a book value per share of S12.19. What is the market-to-bok ratio?
A company expects EPS to be $2.52 next year. The industry average P/E ratio is 23.99 and Enterprise multiple is 7.57. The EBITDA for the company is $22.97 million. What is an estimate of the stock price using the method of comparables for P/E multiples? Round your answer to two (2) decimal places.
Suppose a stock had an initial price of $36.71 per share, paid a dividend of $2.23 per share during the year, and had an ending share price of $32.76. Compute the percentage total return. Answer as a percentage to two decimals (if you get -0.0435, you should answer -4.35).