What is the current price of a telecommunication company's stock if earnings per share are projected to be $2.00 per share and the industry's average PE ratio is $20?

Name: What is the current price of a telecommunication company's stock if earnings per share are projected to be $2.00 per share and the industry's average PE ratio is $20?
Brand: Quizplus
Rating: 4.9 (50 reviews)

Question

Quizplus · Accepted Answer

The price of the stock can be calculated by multiplying the earnings per share (EPS) by the industry's average price-to-earnings (PE) ratio: $2.00 * 20 = $40.

What Is the Current Price of a Telecommunication Company's Stock