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QUESTION
Sully Corp. currently has an EPS of $2.14, and the benchmark PE ratio for the company is 20. Earnings are expected to grow at 7.5 percent per year.
Sully Corp. currently has an EPS of $2.14, and the benchmark PE ratio for the company is 20. Earnings are expected to grow at 7.5 percent per year.
What is the target stock price in 1 year?
Assuming that the company pays no dividends, what is the implied return on the company's stock over the next year?
