Calculate the price of a share of the companys common, Financial Management

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Calculate the price of a share of the companys common

You are given the following information: Stockholders' equity as reported on the firm’s balance sheet = $2.75 billion, price/earnings ratio = 16.5, common shares outstanding = 78 million, and market/book ratio = 2.7. Calculate the price of a share of the company's common stock. Round your answer to the nearest cent.

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Financial Management: Calculate the price of a share of the companys common

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