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Dudley Hill Golf Club's market-to-book ratio is currently 2.5 times and the PE ratio is 6.75...

Dudley Hill Golf Club's market-to-book ratio is currently 2.5 times and the PE ratio is 6.75 times. If Dudley Hill Golf Club's common stock is currently selling at $22.50 per share

  

What is the book value per share? (Round your answer to 2 decimal places.)
  Book value per share $

What is the earnings per share? (Round your answer to 2 decimal places.)
  Earnings per share $
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Answer #1

Answer

  • Book Value per share = market price / market to book ratio
    = $ 22.50 / 2.5
    = $ 9.00 per share
  • Earnings per share = Market price / PE ratio
    = $ 22.50 / 6.75
    = $ 3.33 per share
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