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What should be the price of malta stock

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Reference no: EM133015606

Question - At year end, Malta Company balance sheet showed total assets of $60 million, total liabilities of $45 million, and 1,300,000 shares of common stock outstanding. Next year, Malta is projecting that it will have net income of $3.5 million. If the average P/E multiple in Malta's industry is 15, (and this is an average stock) what should be the price of Malta's stock?

Reference no: EM133015606

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