The Arnold Fertilizer Company's stock is selling for $55 in the market and its earnings per share is $5.The company is projected to grow at a rate of 22% over the next year.What is this company's price/earnings to growth ratio?

Name: The Arnold Fertilizer Company's stock is selling for $55 in the market and its earnings per share is $5.The company is projected to grow at a rate of 22% over the next year.What is this company's price/earnings to growth ratio?
Brand: Quizplus
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Question

Quizplus · Accepted Answer

(55/5) / 22 = .50.

The Arnold Fertilizer Company's Stock Is Selling for $55 in the Market