| Q45. An equity analyst has collected the following data for Apollo Television, Inc. for the year 2006:  | Common stock ($2.00 par value. Authorized: 3 million shares; Issued; 2 million shares; ) | $4,000,000 |  | Additional paid – in – capital  | $12,000,000 |  | Retained earnings | $5,000,000 |  | Treasury stock ( cost of 200,000 shares repurchased in 2004) | $3,000,000 |  | Current stock price per share | $20 | 
 The price – to – book ratio for Apollo Television, Inc. is closest to : A. 1.8x B. 1.9x C. 2.0x D. 2.2x |