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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

Respuesta :

abiolataiwo2015

Answer:

1.34

Explanation:

Computation for the market/book ratio

Using this formula

Market/book ratio=Stock price/Book value per share

Let plug in the formula

Market/book ratio=$33.50/$25.00

Market/book ratio=1.34

Therefore the Market/book ratio will be 1.34.

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