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You are given the following information: Stockholders' equity as reported on the firm’s balance sheet = $5.5 billion, price/earnings ratio = 11.5, common shares outstanding = 26 million, and market/book ratio = 1.8. Calculate the price of a share of the company's common stock. Round your answer to the nearest cent.

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92865616

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