Solved: You are given the following information stockholders equity, Business Management

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You are given the following information stockholders equity

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.

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Business Management: You are given the following information stockholders equity

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