Question
Tiger Golf Supplies has $19 million in earnings with 6 million shares outstanding. Its investment banker thinks the stock should trade at a P/E ratio
Tiger Golf Supplies has $19 million in earnings with 6 million shares outstanding. Its investment banker thinks the stock should trade at a P/E ratio of 22. Assume there is an underwriting spread of 9.4 percent.
What should the price to the public be?
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Personal Finance Building Your Future
Authors: Robert Walker, Kristy Walker
2nd Edition
0077861728, 9780077861728
