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    Fundamentals of Corporate Finance
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    Exam 2: Introduction to Financial Statement Analysis
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    If on December 31, 2011 Luther Has 8 Million Shares
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If on December 31, 2011 Luther Has 8 Million Shares

Question 39

Question 39

Essay

If on December 31, 2011 Luther has 8 million shares outstanding trading at $15 per share, then what is Luther's market-to-book ratio?

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market-to-book = market value ...

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