DataTech's book value of equity is is $8.7 billion. it has a market-to-book ratio of 4.26,...
DataTech's book value of equity is is $8.7 billion. it has a market-to-book ratio of 4.26, and 31 million of stocks outstanding. find the market price of a DataTech share.
a. 1.20
b. 65.88
c. 1,148.92
d. 1,195.55
Homework Answers
Book value per share=$8.7 billion/31 million shares
=$280.6451613(Approx)
market-to-book ratio=market price/Book value
market price =$280.6451613*4.26
=$1195.55(Approx).
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