Question
Tiger Golf Supplies has $24 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 $24 million in earnings with 5 million shares outstanding. Its investment banker thinks the stock should trade at a P/E ratio of 23. Assume there is an underwriting spread of 6.8 percent. What should the price to the public be?
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Multinational Business Finance
Authors: David Eiteman, Arthur Stonehill, Michael Moffett
15th Global Edition
129227008X, 9781292270081
