What is the market price of a share of stock for a firm with 100,000 shares $3,000,000, and a market-to-book ratio of 3? Multiple Choice • $90 • $105 • $10 • $30

Personal Finance
13th Edition
ISBN:9781337669214
Author:GARMAN
Publisher:GARMAN
Chapter14: Investing In Stocks And Bonds
Section: Chapter Questions
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What is the market price of a share of stock for a firm with 100,000 shares outstanding, a book value of equity of
$3,000,000, and a market-to-book ratio of 3?
Multiple Choice
• $90
• $105
• $10
• $30
Transcribed Image Text:What is the market price of a share of stock for a firm with 100,000 shares outstanding, a book value of equity of $3,000,000, and a market-to-book ratio of 3? Multiple Choice • $90 • $105 • $10 • $30
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