A firm trading with a total equity market value of $100 million reported earnings of $5 million

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A firm trading with a total equity market value of $100 million reported earnings of $5 million and book value of $50 million. This firm is used as a comparable to price an IPQ firm with earnings per share of $2.50 and book value per share of $30 per share. Neither firm pays dividends. What per-share IPQ price does the comparable firm imply?

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