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 is 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?
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Fundamentals of Financial Management

ISBN: 978-0324272055

10th edition

Authors: Eugene F. Brigham, Joel F. Houston

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