Hoagland Corp's Stock Price at the End of Last Year

question 5

Multiple Choice

Hoagland Corp's stock price at the end of last year was $33.50,and its book value per share was $25.00.What was its market/book ratio?

• A)1.34
• B)1.41
• C)1.48
• D)1.55
• E)1.63

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Definitions:

Money Income

Income received in the form of money rather than in-kind benefits or goods, crucial for determining purchasing power and standard of living.

Marginal Utility

The increase in satisfaction or advantage a buyer experiences from acquiring one more unit of a good or service.

Utility Maximization

A theory in economics asserting that individuals aim to achieve the highest level of satisfaction or utility through their choices, given their resources.

Limited Budget

A financial constraint that limits the amount of money available for spending or investing.