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Honda Financial recently reported book value of $23.6 million. Peer companies in the same industry are trading for an average of 2.8 times book value.

Honda Financial recently reported book value of $23.6 million. Peer companies in the same industry are trading for an average of 2.8 times book value. If Honda Financial has 5.6 million shares outstanding, what is the implied value per share?

A. $11.80
B. $4.21
C. $60.08
D. $15.68

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