A firm has a total book value of equity of $30 million, a price to...

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Finance

  1. A firm has a total book value of equity of $30 million, a price to book ratio of 1.5, and a book value per share of $5.00. What is the market value of the firms equity?
    1. $20 million
    2. $30 million
    3. $45 million
    4. $75 million
    5. $150 million

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