Equity Valuation: Price to Book value Multiple the following information are available for publicly traded Union Bank of the Philippines as of December 13, 2023 market price \\( \\quad \\) P 58.90 outstanding shares 2,350 (in billions) par value P 10 Stockholders Equity P 188,775.50 ( in billions) book value per share \\( \\quad \\) P 80.33 ex dividend date, Dec 21,2023 27\\% stock dividends declare if the dividends will cause the price to book value multiple to increase by \\( 20 \\% \\) due to the dividends declared what would be the appropriate valuation by Dec 21 on Union Bank stocks based on this method? \\( \\mathrm{p} 55.63 \\) P58.90 P70.66 P66.83