Question
In: Finance
Symphony Corp.'s stock price at the end of last year was $51.27, and the company’s book value per share was $56.69.
Symphony Corp.'s stock price at the end of last year was $51.27, and the company’s book value per share was $56.69. Calculate market/book ratio.
Round the answer to two decimal places.
Your Answer:
Solutions
Expert Solution
Market/book ratio=Market value per share/Book value per share
=51.27/56.69
which is equal to
=0.90(Approx)
jeff jeffy answered 2 years agoRelated Solutions
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