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M/B AND SHARE PRICE You are given the following information: Stockholders' equity as reported on the firm's balance sheet = $6.5 billion, price/earnings ratio =

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M/B AND SHARE PRICE You are given the following information: Stockholders' equity as reported on the firm's balance sheet = $6.5 billion, price/earnings ratio = 14.5, common shares outstanding = 52 million, and market/book ratio = 2.6. Calculate the price of a share of the company's common stock. Round your answer to the nearest cent. $

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