### Find a high and low stock price for the year

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If you look at stock prices over any year, you will find a high and low stock price for the year. Instead of a single benchmark PE ratio, we now have a high and low PE ratio for each year. We can use these ratios to calculate a high and a low stock price for the next year. Suppose we have the following information on a particular company over the past four years: Year 1 Year 2 Year 3 Year 4 High price \$ 98.60 \$ 122.20 \$ 131.60 \$ 148.23 Low price 73.43 89.54 70.22 116.75 EPS 7.88 9.63 10.71 12.10 Earnings are projected to grow at 4 percent over the next year. What is your high target stock price over the next year? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) High target stock price \$ What is your low target stock price over the next year? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) Low target stock price \$

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