Lindley Corp.'s stock price at the end of last year was $33.50, and its book value per share was $25.00.What was its market/book ratio?
A) 1.34
B) 1.41
C) 1.48
D) 1.55
E) 1.63

Name: Lindley Corp.'s stock price at the end of last year was $33.50, and its book value per share was $25.00.What was its market/book ratio? A) 1.34 B) 1.41 C) 1.48 D) 1.55 E) 1.63
Brand: Quizplus
Rating: 4.8 (30 reviews)

Question

Quizplus · Accepted Answer

The market/book ratio is calculated by dividing the stock price by the book value per share. So, $33.50 / $25.00 = 1.34.