Bay Marina,Inc

question 50

Multiple Choice

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

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