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Lindley Corp.'s stock price at the end of last year was $31, 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 $31, and its book value per share was $25.00. What was its market/book ratio?

Select the correct answer.

a. 1.24
b. 1.34
c. 1.14
d. 1.54
e. 1.44

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