10 pts) The shareholders equity of OPQ Corporation is given as below:

Common shares ($2.00 par value)	$450,000
Capital surplus	7,500,000
Accumulated Retained Earnings	8,000,000
Treasury Stock	500,000

The market price of OPQ share is $180 and the total issued shares are 120,000.

The firm also issued 10,000 corporate bonds and the bond current quote = 110 (Bond price is quoted as a percentage of the face value).

If OPQ was to put their firm in place today the cost of the assets is estimated to be $9 million. Calculate the market-to-book value and Tobin's Q ratio. How well is OPQ being managed.

Q1 (4 pts) What is the firms book value per share ______________?

Q2 (2pts) What is the firms market-to-book ratio (M/B) ________________?

Q3 (3 pts) The MV of the asset is ______________

Q4 (3pts) The firms Tobins Q is _____________