Suppose that the average P/E multiple in the gas industry is 17.KMP is expected to have an EPS of $5.50 in the coming year.The intrinsic value of KMP stock should be
A)$28.12.
B)$93.50.
C)$63.00.
D)$72.00.
E)None of the options

Name: Suppose that the average P/E multiple in the gas industry is 17.KMP is expected to have an EPS of $5.50 in the coming year.The intrinsic value of KMP stock should be A)$28.12. B)$93.50. C)$63.00. D)$72.00. E)None of the options
Brand: Quizplus
Rating: 4.7 (49 reviews)

Question

Quizplus · Accepted Answer

17 × $5.50 = $93.50.

Suppose That the Average P/E Multiple in the Gas Industry