Multiple Choice
Bay Marina, Inc. has net income of $50,500 and has 25,000 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) $38.91
B) $39.29
C) $40.40
D) $43.91
E) $45.54
Correct Answer:
Verified
Correct Answer:
Verified
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