Multiple Choice
Bay Marina,Inc.has net income of $53,700 and has 30,000 shares of stock outstanding.Similar firms have a price-earnings ratio of 20.Given this,what should the market price of Bay Marina,Inc.stock be per share?
A) $28.91
B) $29.29
C) $30.40
D) $33.91
E) $35.80
Correct Answer:
Verified
Correct Answer:
Verified
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