AOLs share price as of November 8, 1995 was $81.63. In October 1995, the company issued $100 million worth of new shares (1.713 million shares at $58.73 dollars per share). Its book value as of June 30, 1995 was $217.944 million. Assume that there is no change in AOLs book value other than due to the new share issue, compute AOLs market to book ratio as of November 8, 1995. (Note: market to book ratio is calculated as market price per share divide by book value per share)