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Lethbridge Heavy Duty Mechanics, Ltd . is a publicly traded company that has $ 1 2 5 million of equity and 1 0 million common
Lethbridge Heavy Duty Mechanics, Ltd is a publicly traded company that has $ million of equity and million common shares issued and outstanding. Net income was $ million for the most recent fiscal year ended and there are no preferred shares outstanding. The company's shares closed at $ on the last trading day. These shares are considered by investors to be:
Select one:
a Overvalued because firms in this industry typically trade below $
b Highly value because its market to book ratio is greater than
c Highly valued because it has not issued any preferred shares
d Undervalued because its equity position is high at $ million
e Undervalued because its ratio is only about :
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