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If you look at stock prices over any year, you will find a highand low stock price for the year. Instead of a single benchmark PEratio, we now have a high and low PE ratio for each year. We canuse these ratios to calculate a high and a low stock price for thenext year. Suppose we have the following information on aparticular company over the past four years:Year 1Year 2Year 3Year 4 High price$99.60$123.20$132.60$149.23 Low price74.4390.5471.22117.75 EPS8.8810.6311.7113.10 Earnings are projected to grow at 8 percent over the nextyear.What is your high target stock price over the next year?(Do not round intermediate calculations and round youranswer to 2 decimal places, e.g., 32.16.) High target stock price$ What is your low target stock price over the next year?(Do not round intermediate calculations and round youranswer to 2 decimal places, e.g., 32.16.) Low target stock price