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You have issued 300 million shares of common stock

As an entrepreneur you started a tech company a decade ago to design apps for the retail clothing space. Your current balance sheet has $750 million in total assets with no preferred stock and total liabilities of $300 million. You have issued 300 million shares of common stock, currently selling for $5.25/share. You want to know the price-to-book ratio?

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Finance Basics: You have issued 300 million shares of common stock

Reference No:- TGS02567757

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