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Hi please answer ASAP Solar Energy Corp. has $7 million in earnings with 1 million shares outstanding. Investment bankers think the stock can justify a
Hi please answer ASAP
Solar Energy Corp. has $7 million in earnings with 1 million shares outstanding. Investment bankers think the stock can justify a P/E ratio of 20 . If the underwriting spread is 10 percent. a. What should the price to the public be? (Round the intermediate calculations to two decimal places. Round the final answer to 2 decimal places.) Price per share $ b. What would the firm net? (Round the intermediate calculations to two decimal places. Round the final answer to 2 decimal places.) Net amount received per share $Step by Step Solution
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