Tall Tree Timber has net income of $167,000 for the year with 60,000 shares of stock outstanding.

Question:

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?
Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  book-img-for-question

Equity Asset Valuation

ISBN: 978-0470571439

2nd Edition

Authors: Jerald E. Pinto, Elaine Henry, Thomas R. Robinson, John D. Stowe, Abby Cohen

Question Posted: