Suppose AAA and ZZZ operate the same type of business. AAA is not listed on the stock market but ZZZ is listed on the TSX. What would be the price of one share of AAA if you use the Price/Book Value ratio of ZZZ to estimate its share price?

	Key Figures for AAA	Key Figures for ZZZ
EBITDA	$17 million	$83 million
EBIT	$9 million	$57 million
Net income	$6 million	$39.4 million
Debt	$23 million	$34 million
Book value of equity	$29 million	$49 million
Number of shares	19 million	52 million
Last share price	N/A	$5 per share

Question 19 options:

	1.52
	None of the listed answers
	5.31
	8.10
	10.32