What Is the Current Price of a Share of Stock

question 21

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?

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

---

Definitions:

Nigeria

A country in West Africa, known for its diverse cultures, languages, and as one of the largest economies and populations in Africa.

Ghana

A West African country that was the first to gain independence from colonial rule in 1957, leading the way for decolonization in the continent.

Ethiopia

A country in the Horn of Africa, known for its rich history, being one of the oldest locations of human existence, and never being colonized, although it faced Italian occupation temporarily.

Liberia

A country in West Africa, established by the American Colonization Society as a colony for freed African American slaves in the early 19th century, becoming Africa's first republic.