Early in 2015, Mathew is analyzing shares of Janeff Corp. He expects the following dividends per share (end of year). He expects 2017 earnings per share to be $4.50 and Janeff's P/E ratio to be 20. His required rate of return for this stock is 12%. He should pay no more than:.
a) $43.75 per share.
b) $67.02 per share.
c) $68.75 per share.
d) $93.75 per share.
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ok so studied the brain, the pulse and discovered the axis