Question
17. You are given the following information: Stockholders' equity as reported on the firms balance sheet = $3.5 billion, price/earnings ratio = 22, common shares
17. You are given the following information: Stockholders' equity as reported on the firms balance sheet = $3.5 billion, price/earnings ratio = 22, common shares outstanding = 180 million, and market/book ratio = 2.7. The firm's market value of total debt is $4 billion, the firm has cash and equivalents totaling $260 million, and the firm's EBITDA equals $3 billion. What is the price of a share of the company's common stock? Do not round intermediate calculations. Round your answer to the nearest cent.
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What is the firm's EV/EBITDA? Do not round intermediate calculations. Round your answer to two decimal places.
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