Question
Tiger Golf Supplies has $22 million in earnings with 5 million shares outstanding. Its investment banker thinks the stock should trade at a P/E ratio
Tiger Golf Supplies has $22 million in earnings with 5 million shares outstanding. Its investment banker thinks the stock should trade at a P/E ratio of 29. Assume there is an underwriting spread of 8.9 percent. What should the price to the public be?
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Public Finance A Contemporary Application of Theory to Policy
Authors: David N Hyman
11th edition
9781305474253, 1285173953, 1305474252, 978-1285173955
