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What is the price of a stock if the company has $20 million in balance-sheet equity, 2,000,000 shares of stock outstanding, and a price/book value
What is the price of a stock if the company has $20 million in balance-sheet equity, 2,000,000 shares of stock outstanding, and a price/book value ratio of 4?
| A. | $2.50 | |
| B. | $10 | |
| C. | $40 | |
| D. | $20 |
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Finance For Executives Managing For Value Creation
Authors: Gabriel Hawawini, Claude Viallet
6th Edition
1473749247, 9781473749245
