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You are given the following information: Stockholders' equity = $3.25 billion, price/earnings ratio = 20, common shares outstanding = 48 million, and market/book ratio =

You are given the following information: Stockholders' equity = $3.25 billion, price/earnings ratio = 20, common shares outstanding = 48 million, and market/book ratio = 1.5. Calculate the price of a share of the company's common stock. Round your answer to the nearest cent.

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