Use the Following Information to Answer the Question(s)below

question 49

Multiple Choice

Use the following information to answer the question(s) below.
-Assuming that Novartis AG (NVS) has a book value of $20.00 per share,based upon the price-to-book ratios for its competitors,the lowest expected stock price for Novartis is closest to:

• A)$7.47.
• B)$13.00.
• C)$22.95.
• D)$44.60.

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