Bay Marina, Inc

question 52

Multiple Choice

Bay Marina, Inc., has net income of $153,700 and has 50,000 shares of stock outstanding. Similar firms have a price-earnings ratio of 15. Given this, what should the market price of Bay Marina, Inc., stock be per share?

• A)$35.80
• B)$39.29
• C)$40.40
• D)$46.11
• E)$45.80

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