Big Tree Lumber has earnings per share of $1.36. The firm's earnings have been increasing at an average rate of 2.9 percent annually and are expected to continue doing so. The firm has 21,500 shares of stock outstanding at a price per share of $23.40. What is the firm's PEG ratio?
A) 2.27
B) 11.21
C) 4.85
D) 3.94
E) 5.93

Question

Quizplus · Accepted Answer

The Answer of Big Tree Lumber has earnings per share of $1.36. The firm's earnings have been increasing at an average rate of 2.9 percent annually and are expected to continue doing so. The firm has 21,500 shares of stock outstanding at a price per share of $23.40. What is the firm's PEG ratio?
A) 2.27
B) 11.21
C) 4.85
D) 3.94
E) 5.93

Big Tree Lumber Has Earnings Per Share of $1