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It has 900 million shares of common stock outstanding and

Edelman Engines has $7 billion in total assets. Its balance sheet shows $0.35 billion in current liabilities, $4.2 billion in long-term debt, and $2.45 billion in common equity. It has 900 million shares of common stock outstanding, and its stock price is $30 per share. What is Edelman's market/book ratio? Round your answer to two decimal places.

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