Question
Tiger Golf Supplies has $24 million in earnings with 7 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 7 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 12.8 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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Theory Of Constraints Handbook
Authors: James Cox, John Schleier
1st Edition
0071665544, 978-0071665544
