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attashe74 [19]
3 years ago
12

ABC Corporation has total assets of 120 million, total liabilities of 80 million, Goodwill of 12 million, and 4 millions of shar

es outstanding. If you believe the reasonable price to tangible book value should be 1.6 for this company, what is the implied share price of ABC
Business
1 answer:
Mila [183]3 years ago
3 0

Answer: $16

Explanation:

Implied share price = Book value per share * Price to tangible book value

Book value per share = (Assets - Liabilities) / Number of shares outstanding

= (120 - 80) / 4

= $10

Implied share price = 10 * 1.6

= $16

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