91. The following financial information relates to Company Q:

Net assets: $53,400,000

Debt: $19,700,000

Common stock ($): $10,800,000

Common stock outstanding: 10,000,000

Preference shares ($): $2,500,000

Preference shares outstanding: 50,000

If the current share price is $11.65 per share, Company Qs price to book value is closest to:

A. 2.4

B. 2.5

C. 4.0