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Tiger Golf Supplies has $ 2 5 million in earnings with 4 million shares outstanding. Its investment banker thinks the stock should trade at a

Tiger Golf Supplies has $25 million in earnings with 4 million shares outstanding. Its investment banker thinks the stock should trade at a P/E ratio of 26. Assume there is an underwriting spread of 12.0 percent.
What should the price to the public be?(Do not round intermediate calculations and round your answer to 2 decimal places.)

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