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Company J is a private firm. You are trying to estimate J's stock price using information from its comparable firm: Company K. The table below
Company J is a private firm. You are trying to estimate J's stock price using information from its comparable firm: Company K. The table below shows selected financials for Company J and K. Assuming neither compahy has any preferred stock. If we assume that both J and K have the same market-to-book ratios, company J's stock price should be set at
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