Question
Ajax, a private company, is seeking to sell the firm. It has Earnings per Share of $3 on 500,000 shares. Epsilon Manufacturing is a direct
Ajax, a private company, is seeking to sell the firm. It has Earnings per Share of $3 on 500,000 shares. Epsilon Manufacturing is a direct competitor and of equal size and profitability. Its stock sells at a PE of 5. What is value of Ajax?
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Short Term Financial Management
Authors: John Zietlow, Matthew Hill, Terry Maness
5th Edition
1516512405, 9781516512409
