Multiple Choice
What is the current price of a share of stock for a firm with $5 million in balance-sheet equity, 500,000 shares of stock outstanding, and a price/book value ratio of 4? (Use values in dollars)
A) $2.50
B) $10.00
C) $20.00
D) $40.00
Correct Answer:
Verified
Correct Answer:
Verified
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