InfoTech Solutions Inc. has a historic P/E multiple of 26, a ...

[krzymel]

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

[elizabethrperez]

Answer to Question 1

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

Answer to Question 2

FALSE

[krzymel]

Excellent

[adammoses97]

Thanks for the timely response, appreciate it