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Solnce55 [7]
3 years ago
6

Hallowell Inc. has free cash flow of $2.5 million and 1.25 million shares outstanding. If you believe the price to cash flow rat

io for this company should be 11, what is the highest price you should pay for the stock
Business
1 answer:
Vaselesa [24]3 years ago
5 0

The highest price for the stock is  $22.00.

<u>Explanation</u>:

 <u>Given</u>:

  • Hallowell Inc has a free cash flow of $2.5 million and 1.25 million shares.
  • The cash flow ratio for the company is 11.

<u>Solution</u>:

For one stock the cash flow ratio is 11.

Then the highest price we should pay is $22.00.

So we should pay $22.00 for one stock.

Therefore the highest price we should pay for the stock is $22.00          

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2 years ago
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3 years ago
You are saving for retirement. To live​ comfortably, you decide you will need to save $ 1million by the time you are 65.Today is
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Answer:

Monthly pay= 5344.67

Explanation:

Giving the following information:

To live​ comfortably, you decide you will need to save $ 1million by the time you are 65.

Today is your 29th ​birthday, and you​ decide to put the same amount into a savings account. If the interest rate is 8%​.

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