Homework Answers
For current period,
PE ratio = Market Cap/Net income
PE Ratio = (51*260000)/5000000
PE Ratio = 2.652
Fore next year,
Net Income = 7.5 million
Total Number of shares outstanding = 325,000
PE Ratio = 2.652
PE ratio = Market Cap/Net income
Market Cap = 2.652 * 7500000
Price per share = (2.652*7500000)/325000
Price per share = $61.2
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