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just ended has a net income of $535,000, which is $0.270 per share of common stock outstanding. The price-earnings ratio for firms similar to Underwood

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just ended has a net income of $535,000, which is $0.270 per share of common stock outstanding. The price-earnings ratio for firms similar to Underwood Motors is 20.47. a. What price would you expect Underwood Motors shares to sell for? b. What is the book value per share for Underwood's shares

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