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Kerr Inc. has 150,000 shares of common stock outstanding, and the market price ...
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Kerr Inc. has 150,000 shares of common stock outstanding, and the market price for a share of stock at the end of 2023 was $2. Book value of common stock at the end of 2023 was $60,000. Book value of retained earnings at the end of 2023 was $40,000. What is the market-to-book ratio at the end of 2023?
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