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16. Estimate the value of a privately-held firm based on the following information: stock price of a comparable firm $20.00; net income of a comparable

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16. Estimate the value of a privately-held firm based on the following information: stock price of a comparable firm $20.00; net income of a comparable firm $20,000; number of shares outstanding for the comparable firm $3.00 10,000; and earnings per share for the target firm- a. $10.00 b. $20.00 c. $30.00 d. $40.00 e. $50.00

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