Tiger Golf Supplies has $23 million in earnings with 8 million shares outstanding. Its investment banker thinks
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Tiger Golf Supplies has $23 million in earnings with 8 million shares outstanding. Its investment banker thinks the stock should trade at a P/E ratio of 31. Assume there is an underwriting spread of 2.5 percent. What should the price to the public be?
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Earnings per share 23 million 8 mi...View the full answer
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Related Book For 
Foundations Of Financial Management
ISBN: 9781264097623
18th Edition
Authors: Stanley Block, Geoffrey Hirt, Bartley Danielsen
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