Essentials Of Investments
Essentials Of Investments
11th Edition
ISBN: 9781260013924
Author: Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher: Mcgraw-hill Education,
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Solar Energy Corp. has $5 million in earnings with two million shares outstanding. Investment bankers think the stock can justify a P/E
ratio of 24. Assume the underwriting spread is 10 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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Transcribed Image Text:Solar Energy Corp. has $5 million in earnings with two million shares outstanding. Investment bankers think the stock can justify a P/E ratio of 24. Assume the underwriting spread is 10 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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