Company XYZ closed at ​$108.82 per share with a​ P/E ratio of 14.27. Answer the following questions. a. How much were ea

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Company XYZ closed at
​$108.82
per share with a​ P/E ratio of
14.27.
Answer the following questions.
a.
How much were earnings per​ share?
b.
Does the stock seem​ overpriced, underpriced, or aboutright given that the historical​ P/E ratio is​ 12-14?
Question content area bottom
Part 1
a. How much were earnings per​ share?
​$enter your response here
​(Round to the nearest cent as​ needed.)
Part 2
b. Based on the fact that Company XYZ stock historically tradesat an average​ P/E ratio of​ 12-14, does the stock priceseem​ overpriced, underpriced, or about​ right?
Underpriced
Overpriced
About right?