Question
Slipper Winter Supplies has $9 million in earnings with 3 million shares outstanding. its investment banker thinks the stock should trade at P/E ratio of
Slipper Winter Supplies has $9 million in earnings with 3 million shares outstanding. its investment banker thinks the stock should trade at P/E ratio of 26. If there is an underwriting spread of 5% Required: A What should the price to the public be? B What would the firm net?
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Corporate Financial Management
Authors: Douglas R. Emery, John D. Finnerty, John D. Stowe
4th Edition
1935938002, 9781935938002
