Value Line's estimated dividends on its Industrial Composite for 199X are $2.00 while estimated earnings are $4.30.The expected spread between k and g is .04.
(a)What is the P/E ratio?
(b)What is the estimated price for this Index?

Question

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The Answer of Value Line's estimated dividends on its Industrial Composite for 199X are $2.00 while estimated earnings are $4.30.The expected spread between k and g is .04.
(a)What is the P/E ratio?
(b)What is the estimated price for this Index?

Value Line's Estimated Dividends on Its Industrial Composite for 199X