If the earnings per share of a company is 3.85

Asked by wiki @ 28/10/2021 in Business viewed by 712 People

If the earnings per share of a company is $3.85 and the earnings yield is 2.5%, what is the price per sharE

Answered by wiki @ 28/10/2021

Answer:

$154

Explanation:

Earnings yield = earnings / price

earnings yield = 0.025

eps = $3.85

0.025 = $3.85 / price

Price = $154

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