home work help?

Question

A firm with earnings per share of $5 and a price-earnings ratio of 15 will have a stock price of

Jeff410, I'll give you the best answer cause you were right, but explain how you did it?

P/E = 15

This is the Price/Earnings Ratio... ok, I get that

P/5 = 15

Price/5? Why?

P = 15 x 5

Will most of the equation I get be able to be solved this way by using this formula? or are there variations?

P = 75

Answer 1

P/E = 15

P/5 = 15

P = 15 x 5

P = 75

Atleast somebody passed pre-algebra.

Answer 2

Yes, 75 is correct.

Price/earnings = 15

Price/$5(earnings per share) = 15

Price/5 X5 = 15X5

Price = 75

Answer 3

Seems like the price should be $75.

Answer 4

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Answer 5

Theres not enough info. You should be able to cross multiply but there isn't three numbers.

Answer 6

ask someone smarter than ppl on the internet like ur mom or dad

Answer 7

not enough info