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WXWP WXWP
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6 years ago
You are considering purchasing Babcock Office Supply.  You estimate that the company's earnings next year will be $67,400.  You have found three similar companies whose stock is publicly traded.  Their P/E ratios are 6.8, 7.4, and 7.1. Using the market approach, you estimate Babcock Office Supply to be worth:
A) $478,540.
B) $9,493.
C) $67,400.
D) $498,760.
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Essentials of Entrepreneurship and Small Business Management

Essentials of Entrepreneurship and Small Business Management


Edition: 6th
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CalbertoCalberto
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