Answer:
$56.7
Step-by-step explanation:
Given
Earning per share=E=$2.70
P/E Ratio=21
The formula for P/E ratio is :
P/E Ratio=Price/Earning
Where Price is the price of share in stock and earning the amount earned on one share.
Putting the values of Earning and P/E ratio in the formula
21=Price/2.70
21*2.70=Price
Price=$56.7
So the stock price is $56.7..
