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What price would expect underwood motors shares to sell? for

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Reference no: EM132940762

The balance sheet for Larry Underwood Motors shows a book value of? stockholders' equity? (book value per share×total shares? outstanding) of $1,371,000. ? Furthermore, the? firm's income statement for the year just ended has a net income of $585,000?, which is $0.307 per share of common stock outstanding. The? price-earnings ratio for firms similar to Underwood Motors is 20.16.

Problem a. What price would you expect Underwood Motors shares to sell? for? ?(Round to the nearest? cent.)

Problem b. What is the book value per share for? Underwood's shares? ?(Round to the nearest? cent.)

Reference no: EM132940762

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