Question
Redco, a public firm, has net income of $48,819, assets of $163,560 and liabilities of $41,527. The price to book ratio for Redco is 7.51.
Redco, a public firm, has net income of $48,819, assets of $163,560 and liabilities of $41,527. The price to book ratio for Redco is 7.51. There are 29,358 shares of stock outstanding. What is the firm's price-earnings ratio?
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Advanced Modelling In Mathematical Finance
Authors: Jan Kallsen, Antonis Papapantoleon
1st Edition
3319458736, 978-3319458731
