If in 2009 Luther has 10.2 million shares outstanding and these shares are trading at $16 per share,then Luther's Market-to-book ratio would be closest to:
A)0.39
B)0.76
C)1.29
D)2.57

Name: If in 2009 Luther has 10.2 million shares outstanding and these shares are trading at $16 per share,then Luther's Market-to-book ratio would be closest to: A)0.39 B)0.76 C)1.29 D)2.57
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Quizplus · Accepted Answer

C)MTB = market cap/book value of equity = (10.2 million × 16)/126.6 = 163.2/126.6 = 1.289

If in 2009 Luther Has 10