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What is the market price of a share of stock for a firm with 100,000 shares outstanding, a book value of equity of $3,000,000, and

What is the market price of a share of stock for a firm with 100,000 shares outstanding, a book value of equity of $3,000,000, and a merket-to-book ratoo of 3?

The answer is $90.

Could you please be kind enough and show what a formula is applied and how it is calculated in detail? Thank you!

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