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Business, 18.10.2019 07:00 helpmeplease95

Fontaine inc. recently reported net income of $2 million. it has 500,000 shares of common stock, which currently trades at $40 a share. fontaine continues to expand and anticipates that 1 year from now, its net income will be $3.25 million. over the next year, it also anticipates issuing an additional 150,000 shares of stock so that 1 year from now it will have 650,000 shares of common stock. assuming fontaine’s price/earnings ratio remains at its current level, what will be its stock price 1 year from now?

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Fontaine inc. recently reported net income of $2 million. it has 500,000 shares of common stock, whi...
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