Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Aug 01, 2024

Finance corporation has 100,000 shares of common srock outstanding, its net income is $750,000, and it P/E in 8. What is the company's stock price?

a.$20

b.$30

c.$40

d.$50

e.$60

Step by Step Solution

There are 3 Steps involved in it

Step: 1

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

Step: 3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Financial Management Of Health Care Organizations

Authors: William N. Zelman, Michael J. McCue, Alan R. Millikan, Noah D. Glick

2nd Edition

063123098X, 9780631230984

More Books

Students also viewed these Finance questions

Question

★★★★★

A 2-cm-thick layer of water (n = 1.33) floats on top of a 4-cm-thick layer of carbon tetrachloride (n = 1.46) in a tank. How far below the top surface of the water does the bottom of the tank appear...

Answered: 1 week ago

Question

★★★★★

Given that x is a normal variable with mean = 47 and standard deviation = 6.2, find: (a) P(x 60) (b) P(x 50) (c) P(50 x 60)

Answered: 1 week ago

Question

★★★★★

What other bills do I have to pay?

Answered: 1 week ago

Question

★★★★★

Coca-Cola is a well-established consumer products company with a strong position in the global market. The sales of their core soda products have remained relatively stable for decades, yet the...

Answered: 1 week ago

Question

★★★★★

Cinturon Corporation produces high-quality leather belts. The company's plant in Bolse uses a standard costing system and has set the following standards for materials and Labor: During the first...

Answered: 1 week ago

Question

★★★★★

Andover Stores uses the average cost retail method to estimate its ending inventory. Information as of June 30, 2021, is as follows: Cost Retail Beginning inventory $ 42,000 $ 79,000 Net purchases...

Answered: 1 week ago

Question

★★★★★

Follow the model of international banking with production economy, and keep all settings unchanged. Now assume that the shadow interest rate in autarky, $r^{A}$, is lower than the world interest...

Answered: 1 week ago

Question

★★★★★

Allow two-party competition in the elections over infinite time horizon, $t=0,1, \ldots,+\infty$. Assume that there is an election every other period and two parties, $i=L, R$ ("left" and...

Answered: 1 week ago

Question

★★★★★

Use a demand and supply graph to show that Ted Koppels proposed explanation of a decrease in drug prices is incorrect. (Related to Application 6) Application 6 WHY LOWER DRUG PRICES? APPLYING THE...

Answered: 1 week ago

Question

★★★★★

Use the data in the first table of Global Insights 6.1 to calculate U.S. tariff revenues on costume jewelry, glass and glassware, and rubber footwear. Global Insights 6.1 The Welfare Costs of...

Answered: 1 week ago

Question

★★★★★

Consider the following bi-criteria problem: Prove whether or not the following solutions are efficient: a. X(1) = (0,0,2,18,0) b. X(2) = (0,0,8,0,12) c. X(3) = (0,4,0,20,0) Maximize Minimize Subject...

Answered: 1 week ago

Question

★★★★★

Based on your reading from the text on the concept of organizational culture, in your opinion, what type of culture would you expect to find in any of Mr. Musks companies, be it Tesla, SpaceX, or...

Answered: 1 week ago

Question

★★★★★

The chapter discusses four types of change that organizations typically encountertechnological, structural, task, and people change. Which of these is Elon Musk dealing with at his companies?

Answered: 1 week ago

Question

★★★★★

Some analysts seem to have lost their trust in Nick Woodmans ability to run GoPro. What factors do you think are contributing to this lack of trust (Chapter 6)?

Answered: 1 week ago

Previous Question Next Question