M/B and Share PriceYou are given the following information: Stockholders' equity as reported on the firm's balance sheet...
Get help with any kind of assignment - from a high school essay to a PhD dissertation
Get help with any kind of assignment - from a high school essay to a PhD dissertation
M/B and Share Price
You are given the following information: Stockholders' equity as reported on the firm's balance sheet = $35 billion, price/earnings ratio = 20.5, common shares outstanding = 12 million, and market/book ratio 2.8. Calculate the price of a share of the company's common stock. Round your answer to the nearest cent.