Market value per share of the stock

Question

Problem:

A company has total assets of $600,000 and total liabilities of $300,000. The firm has 30,000 shares of stock outstanding and a market-to-book ratio of 5.

Required:

Question: What is the market value per share of The stock?

• 10
• 30
• 50
• 60

Note: Please provide reasons to support your answer.