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You are given the following information. Stockholder's equity as reported on the firm's balance sheet = $850,000,000, Price/Earnings ratio = 8, common shares outstanding =

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You are given the following information. Stockholder's equity as reported on the firm's balance sheet = $850,000,000, Price/Earnings ratio = 8, common shares outstanding = 800,000,000, and market/book ratio = 3. Calculate the price of a share of the company's stock. $3.19 $2.94 $5.00 $8.00

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