indley corp.'s stock price at the end of last year was $31, and its book value per share was $25.00. what was its market/book ratio?

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19-12-2022
Business

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indley corp.'s stock price at the end of last year was $31, and its book value per share was $25.00. what was its market/book ratio?

Answer :

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HafsaM HafsaM · Answer 1 · 2022-12-25T13:25:32-05:00

At the point when in a circumstance where the stock cost of Lindley corp.'s stock toward the finish of last year was $31, and the book esteem during a similar period was $25.00 per share, then the market/book proportion will be 1.29.

The market book proportion can be determined with the utilization of a summed-up equation, and the given data will be finished as underneath.

Market/Book Ratio = Closing Stock Price / Book Value

Market/Book Proportion = 31 /24

Market/Book Proportion = 1.29

In this manner, the market/book proportion for the given condition will be 1.29.

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