You are analyzing the illiquid stock of a small enterprise, QT Company. In their recently...
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Finance
You are analyzing the illiquid stock of a small enterprise, QT Company. In their recently published accounting data they report that the Book Value of Equity is $48,502,591 and they have 22,021,294 shares outstanding. You have decided to compare QT to a close competitor BXZ, Inc., which sells in the market for $54.26 per share. The Book Value of Equity for BXZ is $62,071,943 and they have 37,012,834 shares outstanding. Use the Market-to-Book Ratio for BXZ to make a reasonable estimate of the share price for QT.
Group of answer choices
$54.26
$42.40
$32.28
$71.26
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