Nova Components is a manufacturer of computer parts. The company recently reported earnings of $2,417,762. In addition, Nova Components has 402,500 shares issued and outstanding. The company has a PE ratio of 24.6. Nova Components is part of the computer parts industry which has an industry PE ratio of 25.6. Using industry information, estimate the intrinsic value of Nova Components' equity per share. A. $64.08 B. $153.78 C. $128.15 D. $5.01
Nova Components is a manufacturer of computer parts. The company recently reported earnings of $2,417,762. In addition, Nova Components has 402,500 shares issued and outstanding. The company has a PE ratio of 24.6. Nova Components is part of the computer parts industry which has an industry PE ratio of 25.6. Using industry information, estimate the intrinsic value of Nova Components' equity per share. A. $64.08 B. $153.78 C. $128.15 D. $5.01
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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provide the answer with correct option and give definition as per required in the question so please give answer
![Nova Components is a manufacturer of computer parts. The company recently reported earnings
of $2,417,762. In addition, Nova Components has 402,500 shares issued and outstanding. The
company has a PE ratio of 24.6. Nova Components is part of the computer parts industry which
has an industry PE ratio of 25.6.
Using industry information, estimate the intrinsic value of Nova Components' equity per share.
A. $64.08
B. $153.78
C. $128.15
D. $5.01](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F136a5f16-caa6-47a6-8b6e-8174b31f045f%2F7558da75-df11-438b-b656-8116d0379677%2Frkzeird_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Nova Components is a manufacturer of computer parts. The company recently reported earnings
of $2,417,762. In addition, Nova Components has 402,500 shares issued and outstanding. The
company has a PE ratio of 24.6. Nova Components is part of the computer parts industry which
has an industry PE ratio of 25.6.
Using industry information, estimate the intrinsic value of Nova Components' equity per share.
A. $64.08
B. $153.78
C. $128.15
D. $5.01
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