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Tiger Golf Supplies has $24 million in earnings with 8 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 8 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 4.5 percent. What should the price to the public be? Note: Do not round intermediate calculations and round your answer to 2 decimal places. Price
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Essential Personal Finance A Practical Guide For Students
Authors: Lien Luu, Jonquil Lowe, Jason Butler, Tony Byrne
1st Edition
