Question
Garret Industries has a price/earnings ratio of 20.55X. a. If Garret's earnings per share is $1.69, what is the price per share of Garret's stock?
Garret Industries has a price/earnings ratio of 20.55X.
a. If Garret's earnings per share is $1.69, what is the price per share of Garret's stock?
b. Using the price per share you found in part a, determine the price/book ratio if Garret's equity book value per share is $9.33.
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Value And Capital Management A Handbook For The Finance And Risk Functions Of Financial Institutions
Authors: Thomas C. Wilson
1st Edition
1118774639, 978-1118774632
