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The Balance Sheet of a firm has the following items of the Right Side: begin{tabular}{lll} Short Term Debt & = & $4,479 Long Term

image text in transcribed The Balance Sheet of a firm has the following items of the Right Side: \begin{tabular}{lll} Short Term Debt & = & $4,479 \\ Long Term Debt & = & $3,208 \\ Accounts Payable & = & $3,199 \\ Total Liabilities \& Owners Equity & = & \\ $13,213 & & \end{tabular} Other firms in the same industry have an average Market Price of Equity to Book (P/B) ratio of 6.3. Assuming the firm should have a P/B ratio equal to the average, what should the Market Price of Equity of the firm be

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