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Business, 05.09.2019 05:30 Astudent333

Given the following information for hopkins company, determine the company's theoretically correct pb ratio.
net operating assets $295
owner's equity $295
rnoa 14%
roe 14%
wacc 8%
expected growth rate in ropi 4%
(a) 2.5
(b) 1.0
(c) 2.2
(d) 2.0

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