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Glorious, Inc. had after-tax income of $25,000 and 10,000 shares were outstanding. The owners were...

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Finance

Glorious, Inc. had after-tax income of $25,000 and 10,000 shares were outstanding. The owners were trying to determine the value of the stock before prior to taking the company public. A similar firm that is publicly-traded, had a P/E ratio of 10x. Estimate the market value of one share Glorious stock.

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