Correct answer = B
"Company Analysis and Stock Valuation," Frank K. Reilly and Keith C. Brown
2008 Modular Level I, Vol. 5, pp. 152-158
Study Session 14-59-b
describe and estimate the expected earnings per share (EPS) and earnings multiplier for a company and use the multiple to make an investment decision regarding the company. Compounded Annual
Sales Growth --- g% | 2008 Sales =
2007 Sales × (1 + g) | 2008 EPS =
2008 Sales × NPM / # of Shares | FV = 220; PV = -128.4
N = 7; I / Y = ? g = 8% | $220(1.08) =
$237.60 million | $237.60 × 0.07 / 6 = $2.7 |
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发表于 2008-6-3 03:15
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