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Tiger Golf Supplies has $ 2 0 million in earnings with 6 million shares outstanding. Its investment banker thinks the stock should trade at a

Tiger Golf Supplies has $20 million in earnings with 6 million shares outstanding. Its investment banker thinks the stock should trade at a P/E ratio of 28. Assume there is an underwriting spread of 3.4 percent. What should the price to the public be?(Do not round intermediate calculations and round your answer to 2 decimal places.) Price

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