What is the expected price of this stock one year

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Reference no: EM131580723

Historically, Jones Trucking has had a P/E ratio of 14.6. The firm has current net income of $92,000 with 85,000 shares of stock outstanding. The EPS growth rate is 4.5 percent. What is the expected price of this stock one year from now?

A. 15.32

B. 15.85

C. 16.41

D. 16.51

E. 17.10

Reference no: EM131580723

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