Freedew Limited has 20 million shares. The firm's latest financial statements show shareholders' equity of $163.5 million,
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Freedew Limited has 20 million shares. The firm's latest financial statements show shareholders' equity of $163.5 million, net profit of $31.5 million and earnings before interest and tax of $65.4 million. If similar firms have a price-earnings ratio of 22, what price would you expect Freedew Limited's shares to sell for?
Related Book For
Corporate Finance A Focused Approach
ISBN: 978-1305637108
6th edition
Authors: Michael C. Ehrhardt, Eugene F. Brigham
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