A Stock Has 94 Million Shares Outstanding,with a Current Share

question 111

Multiple Choice

A stock has 94 million shares outstanding,with a current share price of $3.53 per share.If the firm's book value of equity is $120 million,what is its market-to-book ratio?

• A)2.77
• B)0.38
• C)1.28
• D)0.78
• E)3.53

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Definitions:

Cerebellum

A part of the brain at the back of the skull in vertebrates, responsible for coordinating and regulating voluntary movements.

Coordination

The ability to use different parts of the body together smoothly and efficiently or to organize effectively among groups.

Cerebellum

A part of the brain located at the back of the skull that is responsible for coordinating and regulating muscular activity.

Equilibrium

A state of balance or stability, where different elements are in the correct proportions or relation to each other.