Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

If a company has 3,498,606 shares outstanding and net income of $13,223,854, what is price per share is implied if comparable companies have an average

image text in transcribed

If a company has 3,498,606 shares outstanding and net income of $13,223,854, what is price per share is implied if comparable companies have an average PE ratio of 13.4 ? Assume there is no preferred equity

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

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

Step: 2

blur-text-image

Step: 3

blur-text-image

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

Finance Basics 20 Minute Manager

Authors: Harvard Business Review

1st Edition

1625270852, 978-1625270856

More Books

Students also viewed these Finance questions

Question

Differentiate 3sin(9x+2x)

Answered: 1 week ago

Question

Compute the derivative f(x)=(x-a)(x-b)

Answered: 1 week ago