Sally is looking to invest in Agricon Products when its P/E ratio is lower than 15. Each share is currently projected to earn $1.30 this year. Which of the stock prices listed below would give the P/E ratio she is looking for?

I. $18 a share
II. $19 a share
III. $20 a share

Select the best answer from the choices provided.
I only
III only
I and II only
I, II, and III

Question

Sally is looking to invest in Agricon Products when its P/E ratio is lower than 15. Each share is currently projected to earn $1.30 this year. Which of the stock prices listed below would give the P/E ratio she is looking for?

I. $18 a share
II. $19 a share
III. $20 a share 


Select the best answer from the choices provided.
I only
III only
I and II only
I, II, and III

anonymous · Answer

@sylbot

anonymous · Answer

just divide 20/1.3, 19/1.3, and 18/1.3 and see which is lower than 15.

anonymous · Answer

I got 19 and 18

anonymous · Answer

i was doing it  your too fast mate

anonymous · Answer

@sylbot Alright What an awesome  help