Cleveland Corporation has 100,000 shares of common stock outstanding, its net income is $750,000, and its P/E is 8. What is the company's stock price?

Cornerstones of Financial Accounting
4th Edition
ISBN:9781337690881
Author:Jay Rich, Jeff Jones
Publisher:Jay Rich, Jeff Jones
Chapter10: Stockholder's Equity
Section: Chapter Questions
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Cleveland Corporation has 100,000 shares of common stock outstanding, its net income is $750,000,
and its P/E is 8. What is the company's stock price?
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Transcribed Image Text:Cleveland Corporation has 100,000 shares of common stock outstanding, its net income is $750,000, and its P/E is 8. What is the company's stock price? (Ctrl)- num k 8 9 # $ & 3 4 5 6 7 8 9 4 5 E R P 3 D G H K V B N M .. .- 同 -
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