What would the price be if p and e ratio increased

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New York Times Co. (NYT) recently earned a profit of $1.61 per share and has a P/E ratio of 19.40. The dividend has been growing at a 9.25 percent rate over the past six years. If this growth rate continues, what would be the stock price in five years if the P/E ratio remained unchanged? What would the price be if the P/E ratio increased to 26 in five years? (Round your answers to 2 decimal places.) Stock price $ Stock price with new P/E $.

Reference no: EM132006814

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