Tall Tree Timber has net income of $167,000 for the year with 60,000 shares of stock outstanding.
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Tall Tree Timber has net income of $167,000 for the year with 60,000 shares of stock outstanding. Big Trees are a similar firm with similar growth opportunities and it has 75,000 shares of stock outstanding with a market price of $32.20 a share and earnings per share of $1.60. What is the estimated value of Tall Tree Timber? Discuss.
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The price to earnings ratio of big tree is ...View the full answer
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Related Book For 
Equity Asset Valuation
ISBN: 978-0470571439
2nd Edition
Authors: Jerald E. Pinto, Elaine Henry, Thomas R. Robinson, John D. Stowe, Abby Cohen
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