Question
Markhem Enterprises is expected to earn a net income of $75,000 this year. The company has 40,000 common shares outstanding. Each share is currently trading
Markhem Enterprises is expected to earn a net income of $75,000 this year. The company has 40,000 common shares outstanding. Each share is currently trading in the market at a multiple of 20 times. What should be the stock price of this company?
| $33.75 | ||
| $31.88 | ||
| $37.50 | ||
| $30 |
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Cloud Mining
Authors: Patrick Ejeke
1st Edition
979-8410758710
