Lindley Corp.'s stock price at the end of last year was $22, and its book value...

Question

Question

Lindley Corp.'s stock price at the end of last year was $22, and its book value per share was $25.00. What was its market/book ratio?

Select the correct answer.

a. 1.09

b. 1.02

c. 0.95

d. 0.88

e. 1.16

Answer 1

Answer #1

Market to book ratio = Stock Price/Book Value per share = 22/25 = 0.88

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Answer 2

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