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Richmond Rent - A - Car is about to go public. The investment banking firm of Tinkers, Evers & Chance is attempting to price the
Richmond RentACar is about to go public. The investment banking firm of Tinkers, Evers & Chance is attempting to price the issue. The car rental industry generally trades at a percent discount below the PE ratio on the Standard & Poor's Stock Index. Assume that the index currently has a PE ratio of The firm can be compared to the car rental industry as follows:
tableRichmond,Car Rental IndustryGrowth rate in earnings per share,
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