If the average pe multiple in tangshans industry is 15 what, Financial Management

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If the average pe multiple in tangshans industry is 15 what

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?

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Financial Management: If the average pe multiple in tangshans industry is 15 what

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