Honores earned net income $337,000 last year. It has an estimated 70,000 shares of stock...
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Honores earned net income $337,000 last year. It has an estimated 70,000 shares of stock outstanding, but they are not actively traded. Gila Corp., which is a similar firm with similar growth opportunities, has 185,000 shares of stock outstanding with a market price of $32.20 per share. Gilas earnings per share last year was $1.60. What is the estimated value of Honores?
Multiple Choice
a)$3,723,125
b) $1,275,135
c) $8,906,429
d) $6,782,125
e) $5,957,000
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