Calculate the price of a share of companys common stock

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Reference no: EM13721606

You are given the following information: Stockholders' equity = $3.75 billion, price/earnings ratio = 15.5, common shares outstanding = 12 million, and market/book ratio = 2. Calculate the price of a share of the company's common stock. Round your answer to the nearest cent.

Reference no: EM13721606

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