A stock sells for $ 28.50 and earned 1.80 per share during the current year.

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A stock sells for $ 28.50 and earned 1.80 per share during the current year. 

 

(a) What is the price/earnings (P/E) ratio for this firm?

 

(b) What return will you theoretically earn on this stock next year if you buy it at the above price and earnings do not change?              

 

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    A stock sells for $ 28.50 and earned 1.80 per share during the current year.
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