Goldman Sachs & Co. sold a 12.5% interest in its annual profits to Sumitomo Bank Ltd of Japan in return for a capital investment of $500 million. Sumitomo was one of the world’s largest commercial banks, with assets of 172 billion. Goldman’s capital was 1.3 billion. Analyst believed that this combination illustrated the growing internationalization of securities market and the need for greater amounts of capital to finance larger trading positons and investment banking activities. Under the agreements Sumitomo’s interest would be non-voting and Goldman would remain a partnership. What is the market to book value ratio for Goldman Sachs& Co.?