$($Price book$)$Chang$,$ Inc.$\text{'}$s balance sheet shows a$$ stockholders' equity book value$($total common$$ equity$)$ of $$$$760$ comma $000.$ The$$ firm's earnings per share is $$$$3\mathrm{.}03,$ resulting in a$$ price$/$earnings ratio of $12\mathrm{.}92$X$.$ There are $54$ comma $000$ shares of common stock outstanding. What is the$$ price$/$book ratio? What does this indicate about how shareholders view$$ Chang, Inc.?

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Part $1$

The$$ price$/$book ratio is

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enter your response here. $($Round to two decimal$$ places.$)$