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Exam Question 4 . 1 0 ) A firm has 5 0 0 , 0 0 0 shares of stock outstanding with a price of

Exam Question

4.10)

A firm has

500, 000

shares of stock outstanding with a price of $

6.00

per share. Assets of the firm are worth $

1, 000, 000

on the books and liabilities total $

250, 000 .

What is the market price to book value per share ratio?

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