Answered

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hoagland corp's stock price at the end of last year was $24.50, and its book value per share was $25.00. what was its market/book ratio? hoagland corp's stock price at the end of last year was $24.50, and its book value per share was $25.00. what was its market/book ratio? 0.84 0.96 0.89 0.97 0.98

Sagot :

When in a situation where the stock price of Hoagland Corp. at the end of last year was $24.50, and the book value during the same period was $25 per share, then the market/book ratio will be 0.98. Therefore, the option E holds true.

The market book ratio can be calculated with the use of generalized formula, and the given information will be done as below.

Market/Book Ratio = Closing Stock Price / Book Value

Market/Book Ratio = 24.50 / 25

Market/Book Ratio = 0.98

Therefore, the market/book ratio for the given condition will be 0.98.

Learn more about book value here:

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