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It has 600 million shares of common stock outstanding and

Edelman Engines has $5 billion in total assets. Its balance sheet shows $0.75 billion in current liabilities, $3.25 billion in long-term debt, and $1 billion in common equity. It has 600 million shares of common stock outstanding, and its stock price is $50 per share. What is Edelman's market/book ratio? Round your answer to two decimal places.

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Finance Basics: It has 600 million shares of common stock outstanding and

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