MTB Surfboards has a P/E of 20.The discount rate for this firm is 30 percent.They had earnings of $2,000,000 and 100,000 shares of common stock outstanding.What should be the current price of the stock?
A) $120.00
B) $60.00
C) $600.00
D) $400.00
E) $200.00

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The Answer of MTB Surfboards has a P/E of 20.The discount rate for this firm is 30 percent.They had earnings of $2,000,000 and 100,000 shares of common stock outstanding.What should be the current price of the stock?
A) $120.00
B) $60.00
C) $600.00
D) $400.00
E) $200.00

MTB Surfboards Has a P/E of 20