Analysts are projecting that Halyk Bank will have earnings per share of 3.55. If the average industry PE ratio is about 22.2, what is the current price of Halyk Bank?

Corporate Fin Focused Approach
5th Edition
ISBN:9781285660516
Author:EHRHARDT
Publisher:EHRHARDT
Chapter12: Corporate Valuation And Financial Planning
Section12.6: Additional Funds Needed (afn) Equation Method
Problem 5ST
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Analysts are projecting that Halyk Bank will have earnings per share of 3.55. If the average industry PE ratio is about 22.2, what is the current price of Halyk Bank?

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