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It has 900 million shares of common stock outstanding and

Jaster Jets has $4 billion in total assets. Its balance sheet shows $0.2 billion in current liabilities, $2.8 billion in long-term debt, and $1 billion in common equity. It has 900 million shares of common stock outstanding, and its stock price is $33 per share. What is Jaster's market/book ratio? Round your answer to two decimal places

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Finance Basics: It has 900 million shares of common stock outstanding and

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