Penguin, Inc., has balance sheet equity of $7.9 million. At the same time, the income statement shows
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Penguin, Inc., has balance sheet equity of $7.9 million. At the same time, the income statement shows net income of $832,000. The company paid dividends of $285,000 and has 245,000 shares of stock outstanding. If the benchmark PE ratio is 16, what is the target stock price in one year?
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Related Book For 
Fundamentals Of Corporate Finance
ISBN: 9781265553609
13th Edition
Authors: Stephen Ross, Randolph Westerfield, Bradford Jordan
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