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Author Question: InfoTech Solutions Inc. has a historic P/E multiple of 26, a current EPS of 1.10 projected to grow ... (Read 62 times)

krzymel

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on: Jul 11, 2018
InfoTech Solutions Inc. has a historic P/E multiple of 26, a current EPS of 1.10 projected to grow by 5 in the coming year, and a forward looking P/E multiple of 22. With this information please estimate the current price of the firm's stock
 
  A) 30.03
  B) 28.60
  C) 26.20
  D) 25.41

Question 2

A potential employer is prohibited by the Fair Credit Reporting Act from checking your credit report.
 
  Indicate whether the statement is true or false


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elizabethrperez

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Reply #1 on: Jul 11, 2018
Answer to Question 1

D
Explanation: D) P = D1  multiple = 1.10  (1.05 )  22 = 25.41.

Answer to Question 2

FALSE


krzymel

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Reply 2 on: Jul 11, 2018
YES! Correct, THANKS for helping me on my review

hramirez205

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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