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The risk-free rate of return is 6%, the required rate of return on the market is 14%, and High-Flyer stock has a beta coefficient of

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The risk-free rate of return is 6%, the required rate of return on the market is 14%, and High-Flyer stock has a beta coefficient of 1.2. If the dividend per share expected during the coming year, D, is $5.40 and g = 6%, at what price should a share sell? (Do not round intermediate calculations. Round your answer to 2 decimal places.) Share price A firm has current assets that could be sold for their book value of $44 million. The book value of its fixed assets is $82 million, but they could be sold for $112 million today. The firm has total debt with a book value of $62 million, but interest rate declines have caused the market value of the debt to increase to $72 million. What is this firm's market-to-book ratio? (Round your answer to 2 decimal places.) Market-to-book ratio

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