# Question

Bremmer Industries has a price/ earnings ratio of 16.29X.

a. If Bremmer’s earnings per share are $ 1.35, what is the price per share of Bremmer’s stock?

b. Using the price per share you found in part (a), determine the price/ book ratio if Bremmer’s equity book value per share is $ 9.58.

a. If Bremmer’s earnings per share are $ 1.35, what is the price per share of Bremmer’s stock?

b. Using the price per share you found in part (a), determine the price/ book ratio if Bremmer’s equity book value per share is $ 9.58.

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