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​Fabrizio, Inc. is expected to generate earnings of $1.50 per share this year. If the mean ratio of share price to expected earnings of competitors in the same industry is 20, then the stock price per share is $____.

Respuesta :

Answer:

$ 30

Explanation:

Given data in the question:

The earning expected to be generated = $ 1.50 per share

Mean ratio of share price to expected earnings = 20

Now,

the Stock price per share is calculated as :

Stock price per share = Mean ratio of share price to expected earnings × earning expected to be generated

on substituting the values, we have

Stock price per share = 20 × $ 1.50 = $ 30

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