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Question 13 You are given the following information: Book value of stockholders' equity = $2.5 million; price/earnings ratio = 10; shares outstanding = 100,000; and

Question 13

You are given the following information: Book value of stockholders' equity = $2.5 million; price/earnings ratio = 10; shares outstanding = 100,000; and market/book ratio = 1.5. Calculate the market price of a share of the company's stock.

$37.50

$25.00

$50.00

$75.00

$16.67

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