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Problem:

Jaster Jets has $6 billion in total assets. Its balance sheet shows $0.6 billion in current liabilities, $3.9 billion in long-term debt, and $1.5 billion in common equity. It has 600 million shares of common stock outstanding, and its stock price is $50 per share.

Required:

Question 1: What is Jaster's market/book ratio?

Note: Please explain comprehensively and give step by step solution.

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Basic Finance, Finance

Category:- Basic Finance
Reference No.:- M91149175

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