Summers corp currently has an eps of 240 and the benchmark, Financial Management

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Summers corp currently has an eps of 240 and the benchmark

Summers Corp. currently has an EPS of $2.40, and the benchmark PE for the company is 23. Earnings are expected to grow at 5 percent per year.

a. What is your estimate of the current stock price?

b. What is the largest stock price in one year?

c. Assuming the company pays no dividends, what is the implied return on the company's stock over the next year?

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Financial Management: Summers corp currently has an eps of 240 and the benchmark

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