Answer :
If the benchmark PE for the company is 18, you will pay $65.12 for the stock. If the benchmark PE for the company is 21, you will pay $76.44 for the stock.
What is stock?
Stock (also known as capital stock) in the financial industry refers to the shares into which ownership of the a company or corporation is divided. A single share of stock represents a fractional ownership interest in the company based on the total number of shares. This generally entitles the shareholder to a certain percentage of the company's value, proceeds from the sale of company assets (after paying off all high ranking claims such as secured and unprotected debt), or voting rights, often allocating these in proportion to the amount of cash each stockholder has invested. Not all stock is created equal; for instance, some classes may be granted enhanced voting rights, voting rights without restrictions, or a preference for receiving profits or liquidation continues before or after other courses of shareholders.
To learn more about stock
https://brainly.com/question/25818989
#SPJ4
