ABD Common Stock Is Selling for $36

question 33

Multiple Choice

ABD common stock is selling for $36.08 a share.The company has earnings per share of $.34 and a book value per share of $12.19.What is the market-to-book ratio?

• A)8.71
• B)7.69
• C)2.96
• D)3.97
• E)5.92

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Definitions:

Contract Remedy

The legal means available to a party to enforce, redress, or protect their rights under a contract.

Rescission

The legal act of voiding a contract and returning the parties involved to their original positions, as if the contract had never been executed.

Parol Evidence Rule

This legal rule restricts the use of oral (parol) statements in court when interpreting a written contract.

Written Agreement

A physically or digitally documented contract among parties that outlines the terms, conditions, and obligations of a deal or arrangement.