Tiger Golf Supplies has $15 million in earnings with 4 million shares outstanding. Its investment banker thinks
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Tiger Golf Supplies has $15 million in earnings with 4 million shares outstanding. Its investment banker thinks the stock should trade at a P/E ratio of 22. If there is an underwriting spread of 2.8 percent, what should the price to the public be? What would the firm net?
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EPS price earnings multiplier suggested price to public 375 22 8...View the full answer
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Related Book For 
Foundations of Financial Management
ISBN: 978-1259024979
10th Canadian edition
Authors: Stanley Block, Geoffrey Hirt, Bartley Danielsen, Doug Short, Michael Perretta
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