Use the following information to answer the question(s) below. 
-Assuming that Novartis AG (NVS) has a book value of $20.00 per share,based upon the price-to-book ratios for its competitors,the lowest expected stock price for Novartis is closest to:
A) $7.47.
B) $13.00.
C) $22.95.
D) $44.60.
Correct Answer:
Verified
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