Question: You are given the following information: Stockholders' equity as reported on the firm's balance sheet = $3.75 billion, price/earnings ratio = 3.5, common shares outstanding

You are given the following information: Stockholders' equity as reported on the firm's balance sheet = $3.75 billion, price/earnings ratio = 3.5, common shares outstanding = 50 million, and market/book ratio = 1.9. Calculate the price of a share of the company's common stock?

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