What should the price to the public be


Problem

Solar Energy Corp. has $8 million in earnings with three million shares outstanding. Investment bankers think the stock can justify a P/E ratio of 25. Assume the underwriting spread is 5 percent.

What should the price to the public be?

Request for Solution File

Ask an Expert for Answer!!
Financial Accounting: What should the price to the public be
Reference No:- TGS03300412

Expected delivery within 24 Hours