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

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Definitions:

Classically Conditioned Associations

Learned connections between two stimuli, established through conditioning, where a neutral stimulus becomes associated with a meaningful stimulus, eliciting a response.

Three-Stage Information-Processing Model

A framework in cognitive psychology that describes how information is processed in three stages: sensory memory, short-term memory, and long-term memory.

Sensory Memory

The shortest-term element of memory, where sensory information is retained for a very short period of time, such as a few seconds.

Short-Term Memory

The ability to keep a limited volume of data in a state of immediate readiness for a brief duration.