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 18 times. What should be the stock price of this company?
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Financial Analysis With Microsoft Excel 2016
Authors: Timothy R. Mayes, Todd M. Shank
8th Edition
1337298042, 9781337298049
