Question: make sure there is an explanation to how the solution was found! thank you! Trieste Company has an income of $240,000, earnings per share of

make sure there is an explanation to how the solution was found!

thank you!

Trieste Company has an income of $240,000, earnings per share of $2.00, common equity of $2,000,000, and the market to book ratio of 0.25 . Given this information, what is a market price per share of Trieste Company? (In addition to showing your work, you must explain your approach, in 3 lines, to finding the solution)

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