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What price would you expect underwood motors shares

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Reference no: EM133025156

Problem - The balance sheet for Larry Underwood Motors shows a book value of? stockholders' equity? (book value per share×total shares? outstanding) of $1,355,000. Furthermore, the? firm's income statement for the year just ended has a net income of $577,000?, which is $0.272 per share of common stock outstanding. The? price-earnings ratio for firms similar to Underwood Motors is 20.16.

a. What price would you expect Underwood Motors shares to sell? for?

b. What is the book value per share for? Underwood's shares?

Reference no: EM133025156

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