Question: Question 10 (1 point) At year end, the Golden Eagle Book Company's balance sheet showed total assets of $6230000 million, total liabilities (including preferred stock)

Question 10 (1 point) At year end, the Golden Eagle Book Company's balance sheet showed total assets of $6230000 million, total liabilities (including preferred stock) of $4790000 million, and 1160000 shares of common stock outstanding. Next year, Golden Eagle is projecting that it will have net income of $1.2 million. If the average P/E multiple in the textbook industry is 24 what should be the price of Golden Eagle's stock? (Round your answer to XX.xx) Your Answer Answer Save

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