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Chang, Inc.'s balance sheet shows a stockholders' equity book value (total common equity) of $750,000. The firm's earnings per share is $3.05, resulting in a

Chang, Inc.'s balance sheet shows a stockholders' equity book value (total common equity) of $750,000. The firm's earnings per share is $3.05, resulting in a price/earnings ratio of 12.49X. There are 54,000 shares of common stock outstanding. What is the price/book ratio? What does this indicate about how shareholders view Chang, Inc

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