Lindley Corp

question 1

Multiple Choice

Lindley 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

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Definitions:

Holder

A person who is in possession of a negotiable instrument that is issued or indorsed to that person’s order or to bearer.

Negotiable Instrument

A written document that is signed by the maker or drawer and that contains an unconditional promise or order to pay a certain sum of money on delivery or at a definite time to the bearer or to order.

Holder in Due Course

A legal term describing a party who has acquired a negotiable instrument in good faith and for value, thereby having certain protections against defenses and claims.