What Is the Current Price of a Share of Stock

question 64

Multiple Choice

What is the current price of a share of stock for a firm with $5 million in balance-sheet equity, 500,000 shares of stock outstanding, and a price/book value ratio of 4? (Use values in dollars)

• A)$2.50
• B)$10.00
• C)$20.00
• D)$40.00

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Definitions:

Resumé

A written compilation of an individual's education, work experience, credentials, and accomplishments, typically used for job applications.

Hiring

The process of finding, selecting, and appointing suitable candidates for jobs within an organization.

Interview Slot

A pre-scheduled time period allocated for conducting a job interview with a candidate.

Specific Company

a term referring to a particular or identified corporation or business entity.