What is the market price of a share of stock for a firm with 100,000 shares outstanding,a book value of equity of $3,000,000,and a market-to-book ratio of 3?
A) $10
B) $30
C) $90
D) $105

Name: What is the market price of a share of stock for a firm with 100,000 shares outstanding,a book value of equity of $3,000,000,and a market-to-book ratio of 3? A) $10 B) $30 C) $90 D) $105
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Question

Quizplus · Accepted Answer

Market price per share = ($3,000,000 / 100,000) × 3 = $90

What Is the Market Price of a Share of Stock