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Following is the given information of Zell Companys Preferred stock. Shares outstanding= 30 Market/book ratio= 2.0 Price/earnings ratio= 8 Stockholders equity= $1750 Calculate market price

Following is the given information of Zell Companys Preferred stock.

Shares outstanding= 30

Market/book ratio= 2.0

Price/earnings ratio= 8

Stockholders equity= $1750

Calculate market price of a share of Zell companys stock. (Show work).

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