Suppose that the average P/E multiple in the oil industry is 16.Shell Oil is expected to have an EPS of $4.50 in the coming year.The intrinsic value of Shell Oil stock should be _____.
A)$28.12
B)$35.55
C)$63.00
D)$72.00
E)none of the above

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The Answer of Suppose that the average P/E multiple in the oil industry is 16.Shell Oil is expected to have an EPS of $4.50 in the coming year.The intrinsic value of Shell Oil stock should be _____.
A)$28.12
B)$35.55
C)$63.00
D)$72.00
E)none of the above

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