Question
FINE Corp is in the education software business. It has 15 million shares, and book equity of $139 million. Other firms in the same industry
FINE Corp is in the education software business. It has 15 million shares, and book equity of $139 million. Other firms in the same industry are trading at market-to-book ratios of 2.8. Based on the comparables method, what's the estimate of FINE's share price? (answer in dollars but without the dollar sign, e.g. "10.23" is $10.23)
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MATLAB An Introduction With Applications
Authors: Amos Gilat
3rd Edition
0470108770, 978-0470108772
