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Question
Determine the net income of a comparable firm based on the following information: value of the target firm = $4,000,000; net income of the target firm = $200,000; stock price of the comparable firm = $30; and number of shares of stock outstanding for the comparable firm = 300,000.
a. $450,000
b. $500,000
c. $550,000
d. $600,000
Answer
This answer is hidden. It contains 1 characters.
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