Multiple Choice
Secure Energy Services has 20 million shares outstanding,with a current share price of $12.15 per share.If the firm's market-to-book ratio is 4.5,what is the firm's book value of equity?
A) $7.4 million
B) $54 million
C) $20 million
D) $90 million
E) $243 million
Correct Answer:
Verified
Correct Answer:
Verified
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