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What is the book value per share for underwood shares

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Reference no: EM133041223

Problem - Market value analysis - The balance sheet for Larry Underwood Motors shows a book value of stockholders' equity (book value per share x total shares outstanding) of $1,365,000. Furthermore, the firm's income statement for the year just ended has a net income of $500,000, which is $0.244 per share of common stock outstanding. The price-earnings ratio for firms similar to Underwood Motors is 20.98.

Required -

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: EM133041223

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