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$588,000, which is $0.277 per share of common stock outstanding. The price-earnings ratio for firms similar to Underwood Motors is 21.77. a. What price would

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$588,000, which is $0.277 per share of common stock outstanding. The price-earnings ratio for firms similar to Underwood Motors is 21.77. a. What price would you expect Underwood Motors shares to sell for? b. What is the book value per share for Underwood's shares? a. What price would you expect Underwood Motors shares to sell for? The market price per share is ? (Round to the nearest cent.)

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