Answered: Windswept, Inc. has 8.5 million shares…

Windswept, Inc. has 8.5 million shares of stock outstanding. Its net income is $2.3 million. Its current price-earnings ratio is 7.3. What is the market price per share of stock?

Personal Finance

13th Edition

ISBN:9781337669214

Author:GARMAN

Publisher:GARMAN

Chapter14: Investing In Stocks And Bonds

Section: Chapter Questions

Problem 1DTM

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Windswept, Inc. has 8.5 million shares of stock outstanding. Its net income is $2.3 million. Its current price-earnings ratio is 7.3. What is the market price per share of stock?

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