A Halifax firm has 1.6 million shares outstanding at a book value of $4.31 a share. The earnings per share are $0.32 and the price-earnings ratio is 24. What is the market-to-book ratio?
A) 1.64
B) 1.78
C) 1.83
D) 1.88
E) 1.92
Correct Answer:
Verified
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