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Hoagland Corp's stock price at the end of last year was $22.50, and its book value per share was $25.00. What was its market/book ratio?

Respuesta :

Ritmeks

Answer:

0.9

Explanation:

Hoagland corporation stock price is $22.50

Its book value per share is $25.00

Therefore the market book ratio can be calculated as follows

= 22.50/25

= 0.9

Hence the market book ratio is 0.9

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