I am in a financial management class and I'm struggling. I need help on the following:
Calculating the price of a share of stock with the following known values:
Stockholder's equity = 3.75 billion
Price/Earning Ratio = 3.5
Common Shares Outstanding = 50 million
Market/Book Ratio= 1.9
I have been at this for hours and still don't have the answer.
Thanks for any help you can provide.