QUESTION 26: Ballister Corporation has a market to book ratio of 4.5 times. If the firm's...
QUESTION 26: Ballister Corporation has a market to book ratio of 4.5 times. If the firm's 500,000 shares represent total stockholder’s equity of $4,800,000, what is the implied market price per share of the firm's stock?
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$54 |
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$43 |
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$197 |
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$85 |
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none of these |
Homework Answers
Book Value of Shareholder's Equity = $4800,000
Book Value per share = Book Value of Shareholder's Equity/No of shares outstanding
= $4800,000/500,000
= $9.6 per share
Market to- Book ratio = 4.5 times
Implied Market price per share = Book Value per share*Market to- Book ratio
= $9.6 per share*4.5
= $43.2 per share
So, Implied Market price per share is $43
Option 2
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