What is the implied return on company stock over next year

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Reference no: EM131178272

Sully Corp. currently has an EPS of $2.38, and the benchmark PE ratio for the company is 17. Earnings are expected to grow at 7.5 percent per year. Current Stock price is $40.46; target stock price in one year $43.52; Assuming that the company pays no dividends, what is the implied return on the company's stock over the next year?

Reference no: EM131178272

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