Question: - 2-1 MyFinanceL X X F C D mathxl.com/Student/PlayerHomework.aspx?homeworkld=592542848&questionld=6&flushed=true&cld=6431746&back=https://www.mathxl.com/Student/DoAssignm... * FIN-320-T4434 Principles of Finance 21EW4 Bryson Robinson & |03/13/21 12:06 AM Homework: 2-1 MyFinanceLab Assignment

- 2-1 MyFinanceL X X F C D mathxl.com/Student/PlayerHomework.aspx?homeworkld=592542848&questionld=6&flushed=true&cld=6431746&back=https://www.mathxl.com/Student/DoAssignm... * FIN-320-T4434 Principles of Finance 21EW4 Bryson Robinson & |03/13/21 12:06 AM Homework: 2-1 MyFinanceLab Assignment Save Score: 0 of 4 pts 12 of 13 (10 complete) HW Score: 70%, 35 of 50 pts 4-21 (similar to) Question Help (Market value analysis) The balance sheet for Larry Underwood Motors shows a book value of stockholders' equity (book value per share x total shares outstanding) of $1,366,000. Furthermore, the firm's income statement for the year just ended has a net income of $520,000, which is $0.235 per share of common stock outstanding. The price-earnings ratio for firms similar to Underwood Motors is 19.83. What price would you expect Underwood Motors shares to sell for? . What is the book value per share for Underwood's shares? a. What price would you expect Underwood Motors shares to sell for? The market price per share is $ . (Round to the nearest cent.) er your answer in the answer box and then click Check Answer. Check Answer Clear All part 12:06 AM remaining 3/13/2021

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