Answer: One can pay $17.16 for stock
Step-by-step explanation:
Stock price is referred to as The current market price which is the amount one can buy a share in a company. The P/E ratio gives investors the idea of what to expect in the current price at market level and amount to pay for current earnings per share.
PE (Price Earning ratio ) = Share Price/Stock Price per share / Earnings per Share
Therefore Price of Share = Earnings per Share x PE (Price Earning ratio )
= $1.43 x 12
$17.16