Use the P/E as an Earnings Multiplier to find Bok's intrinsic value. Determine whether the stock is over or under valued if it's selling at $96.30.
2018 2017 2016 2015
P/E 15.8 18.00 15.1
Earning per share $6.70
A) The intrinsic value is between $108 and $110, and the stock is over valued.
B) The intrinsic value is between $97 and $100, and the stock is over valued.
C) The intrinsic value is between $97 and $100, and the stock is under valued.
D) The intrinsic value is between $108 and $110, and the stock is under valued