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Compute for the relative value of valneed

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Problem 1: Valneed Company reported a net income of P7,250,000 for the current year. It has 1,000,000 ordinary shares outstanding and 10% preference share with par totaling to P1,000,000. Firms comparable to the company has a P/E multiple of 4. Compute for the relative value of Valneed.

a. P29.00

b. P29.40

c. P28.60

d. P28.20

Reference no: EM132940606

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