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QUESTION

You are given the following information: Stockholder's equity= $1.250; price/earning ratio=5; shares outstanding= 25; and market/book ratio=1.

You are given the following information: Stockholder's equity= $1.250; price/earning ratio=5; shares outstanding= 25; and market/book ratio=1.5. Calculate the market price of a share of the company's stock

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