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Lloyds Motors has $4 million in total assets. The other side of its balance sheet consists of $0.4 million in current liabilities, $1.2 million in

Lloyds Motors has $4 million in total assets. The other side of its balance sheet consists of $0.4 million in current liabilities, $1.2 million in long-term debt, and $2.4 million in common equity. The company has 500,000 shares of common stock outstanding. If the current stock price is $25.00 per share, what is Lloyds market-to-book ratio?

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