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In December 2019 Rubber Inc. had a share price of 165.68 and 308346 shares outstanding. The market-to-book ratio was 6.3 and the book debt-equity ratio was 2.5.
What is the amount of interest the company had to pay in 2019, when the interest rate is 3.12%?
Hint: work in your calculations with precise numbers (no rounding) and round only the end result to two decimal places.