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Use the Following Information for ECE Incorporated

Question 23

Multiple Choice

Use the following information for ECE incorporated:
Use the following information for ECE incorporated: -If ECE's stock is currently trading at $24.00 and ECE has 25 million shares outstanding,then ECE's market-to-book ratio is closest to: A) 0.24. B) 4. C) 6. D) 30.
-If ECE's stock is currently trading at $24.00 and ECE has 25 million shares outstanding,then ECE's market-to-book ratio is closest to:


A) 0.24.
B) 4.
C) 6.
D) 30.

Correct Answer:

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