What should be the price of tangshans stock

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Reference no: EM132063751

At year end, Tangshan China Company's balance sheet shows 2,000,000 shares of common stock outstanding. Next year, Tangshan is projecting that it will have net income of $2.0 million.

If the average P/E multiple in Tangshan's industry is 15, what should be the price of Tangshan's stock?

Reference no: EM132063751

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