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
Business letter because you are talking about business
Answer:
mainly because of the countries negative trade balance, but also because it is strictly regulated by the central bank which is the National bank of Ethiopia.
