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What is the current price of a share of stock for a firm with $5 million in balance-sheet equity?

What is the current price of a share of stock for a firm with $5 million in balance-sheet equity, 500,000 shares of stock outstanding, and a price/book value of ratio 4? $2.50 $20 $40

Public Comments

1. homework section. its $40 $5mm in BV / 500k shares = $10 BV per share, times ratio of 4 = $40 mkt value per share. man these teachers really pick the same stupid questions that teach little to the student in a practical sense. if i read my answer it sounds like an equation, but its really just common sense.