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Question
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
Answer
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Related questions
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