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A firm has $660 million in total assets, no preferred stock, and total liabilities of $220 million. There are 220 million shares of common stock

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A firm has $660 million in total assets, no preferred stock, and total liabilities of $220 million. There are 220 million shares of common stock outstanding. The stock is selling for $5.25 per share. What is the price-to-book-value ratio? The price-to-book-value ratio is (Round to two decimal places.)

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