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You are given the following information about a company: Shareholders equity (from balance sheet) $3,022,000 Price / earnings ratio 4.1 Common shares outstanding 45,000 Market
You are given the following information about a company:
| Shareholders equity (from balance sheet) | $3,022,000 |
| Price / earnings ratio | 4.1 |
| Common shares outstanding | 45,000 |
| Market / book ratio | 2.1 |
Calculate the price of a share of the companys common stock.
| a. | $275.34 | |
| b. | $131.11 | |
| c. | $34.40 | |
| d. | $141.03 | |
| e. | $50.98 |
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Fundamentals Of Financial Management
Authors: Eugene F. Brigham, Joel F. Houston
16th Edition
9780357517574
