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CIBC Has 110 Million Shares Outstanding,with a Current Share Price

Question 43

Multiple Choice

CIBC has 110 million shares outstanding,with a current share price of $94.50 per share.If the firm's market-to-book ratio is 7.85,what is the firm's book value of equity?


A) $5.6 billion
B) $0.9 billion
C) $10.4 billion
D) $1.3 billion
E) $2.75 billion

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