United Ratios common stock has a dividend yield of 4 percent. Its dividend per share is $2,

Question:

United Ratio’s common stock has a dividend yield of 4 percent. Its dividend per share is $2, and it has 10 million shares outstanding. If the market-to-book ratio is 1.5, what is the total book value of the equity?

Common Stock
Common stock is an equity component that represents the worth of stock owned by the shareholders of the company. The common stock represents the par value of the shares outstanding at a balance sheet date. Public companies can trade their stocks on... Dividend
A dividend is a distribution of a portion of company’s earnings, decided and managed by the company’s board of directors, and paid to the shareholders. Dividends are given on the shares. It is a token reward paid to the shareholders for their...