BL Lumber has earnings per share of $1.21. The firm's earnings have been increasing at an average rate of 3.1 percent annually and are expected to continue doing so. The firm has 21,500 shares of stock outstanding at a price per share of $18.70. What is the firm's PEG ratio?
A) 0.48
B) 1.24
C) 2.85
D) 3.97
E) 4.99
Correct Answer:
Verified
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