Problemplush pilots inc has balance sheet equity of 61, Ask an Expert

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Problem:

Plush Pilots, Inc., has balance sheet equity of $6.1 million. At the same time, the income statement shows net income of $927,200. The company paid dividends of $486,780 and has 200,000 shares of stock outstanding.

Required:

Question: If the benchmark PE ratio is 25, what is the target stock price in one year?

Note: Explain all steps comprehensively.

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Basic Finance, Finance

Category:- Basic Finance
Reference No.:- M91162015

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