Some solutions for concise 5th edition

The current EPS is $2,000,000/500,000 shares or $4.00. The current P/E ratio is then $40/$4 = 10.00. The new number of shares outstanding will be 650,000. Thus, the new EPS = $3,250,000/650,000 = $5.00. If the shares are selling for 10 times EPS, then they must be selling for $5.00(10) = $50. 7-1. With your financial calculator, enter the ... ................
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