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Lindley Corp.'s stock price at the end of last year was $36, and its book value per share was $25.00. What was its market/book ratio?

Lindley Corp.'s stock price at the end of last year was $36, and its book value per share was $25.00. What was its market/book ratio?

Select the correct answer.

a. 1.44
b. 1.74
c. 1.64
d. 1.54

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