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Author Question: The industry average P/E for the athletics and apparel industry is 18.8. Estimate the fair value of ... (Read 66 times)

roselinechinyere27m

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on: Jul 10, 2018
The industry average P/E for the athletics and apparel industry is 18.8. Estimate the fair value of Nike's shares based on the industry average multiple and the data supplied in the table, below.
 
  Price 65
  EPS 3
  Debt 545M
  Equity 9,087M
  Cash 3,630M
  EBITDA 2,770M
  Shares 487M
 
  A) 11.43
  B) 56.40
  C) 65.00
  D) 68.00
  E) 87.50

Question 2

The Truth in Savings Law requires banks to advertise their rates on investments such as CDs and savings accounts as annual percentage yields (APY).
 
  Indicate whether the statement is true or false.


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Edwyer

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Reply #1 on: Jul 10, 2018
Answer to Question 1

B

Answer to Question 2

Answer: TRUE


roselinechinyere27m

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  • Posts: 557
Reply 2 on: Jul 10, 2018
Great answer, keep it coming :)

diana chang

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  • Posts: 288
Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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