CIBC Has 110 Million Shares Outstanding,with a Current Share Price

question 43

Multiple Choice

CIBC has 110 million shares outstanding,with a current share price of $94.50 per share.If the firm's market-to-book ratio is 7.85,what is the firm's book value of equity?

• A)$5.6 billion
• B)$0.9 billion
• C)$10.4 billion
• D)$1.3 billion
• E)$2.75 billion

---

Definitions:

Mobility

The ability to move or be moved freely and easily, often referring to the movement of people across places and spaces.

Uncentralized Systems

Systems that lack a central control or authority, often leading to a more distributed and participatory form of governance or organization.

Chiefdoms

A form of hierarchical political organization in pre-industrial societies usually based on kinship, and characterized by a leadership role (chief) that is hereditary.

Tribes

Social groups existing before the development of, or outside of, states, often consisting of families or communities linked by social, economic, religious, or blood ties.