Question
olar Energy Corp. has $6 million in earnings with four million shares outstanding. Investment bankers think the stock can justify a P/E ratio of 22.
olar Energy Corp. has $6 million in earnings with four million shares outstanding. Investment bankers think the stock can justify a P/E ratio of 22. Assume the underwriting spread is 15 percent.
What should the price to the public be?
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Finance Applications And Theory
Authors: Marcia Cornett, Troy Adair, John Nofsinger
6th Edition
1264101589, 9781264101580
