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    A year ago
    If in 2009 Luther has 10.2 million shares outstanding and these shares are trading at $16 per share, then Luther's Market-to-book ratio would be closest to:
    A) 0.39
    B) 0.76
    C) 1.29
    D) 2.57
    Textbook 

    Corporate Finance: The Core

    Edition: 4th
    Authors:
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    wrote...
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    A year ago
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    C
    Explanation:  C) MTB = market cap/book value of equity = (10.2 million × 16)/126.6 = 163.2/126.6 = 1.289
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