Question
(Market-value ratios) Garret Industries has a price/earnings ratio of 19.46 X a. If Garret's earnings per share is $ 1.65 , what is the price
(Market-value ratios) Garret Industries has a price/earnings ratio of 19.46X
a. If Garret's earnings per share is $1.65, 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 $ 9.87
.
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Fundamentals of Corporate Finance
Authors: Richard Brealey, Stewart Myers, Alan Marcus, Devashis Mitra, Elizabeth Maynes, William Lim
6th Canadian edition
1259024962, 978-1259024962
