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Industrial Products has total assets of $627,000 and total liabilities of $328,400. The firm has 24,000 shares of stock outstanding and a market-to-book ratio of

Industrial Products has total assets of $627,000 and total liabilities of $328,400. The firm has 24,000 shares of stock outstanding and a market-to-book ratio of 5.1. What is the market value per share of stock?

1.$12.44

2.$19.30

3.$63.45

4.$98.43

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