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vovikov84 [41]
3 years ago
14

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/boo

k ratio? a. 1.48 b. 1.63 c. 1.34 d. 1.41 e. 1.55
Business
1 answer:
tino4ka555 [31]3 years ago
6 0

Answer:

C. 1.34

Explanation:

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?

To calculate the ratio:

stock price at the end of last year was $33.50 divided by value per share of $25.00

= 33.50/25.0

= 1.34

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