You are given the following information stockholders, Ask an Expert

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You are given the following information: Stockholders equity=$5.5 billion; price/earnings ratio=21.5; common shares outstanding= 12 million; and market/book ratio=2.5. Calculate the price of a share of the company's common stock. Round to two decimal places. Please show step by step.

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Basic Finance, Finance

Category:- Basic Finance
Reference No.:- M9867005

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