Determine your estimate of an appropriate stock price

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Reference no: EM132033875

TwitterMe, Inc., is a new company and currently has negative earnings. The company's sales are $1 million and there are 110,000 shares outstanding. If the benchmark price-sales ratio is 3, what is your estimate of an appropriate stock price? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) Stock price $ __________

Reference no: EM132033875

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