Tiger golf supplies has 15 million in earnings with 4, Finance Basics

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Tiger golf supplies has 15 million in earnings with 4

Question: Tiger Golf Supplies has $15 million in earnings with 4 million shares outstanding. Its investment banker thinks the stock should trade at a P/E ratio of 22. If there is an underwriting spread of 2.8 percent, what should the price to the public be?

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Finance Basics: Tiger golf supplies has 15 million in earnings with 4

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