An equity analyst has collected the following data for Apollo Television, Inc. for the year 2008:
| Common stock( $ 2.00 par value Authorized:3 million shares ; lsued: 2 million shares;) | $4000000 |
| Additional paid-in-capital | $16000000 |
| Retained earnings | $760000 |
| Treasury stock( cost of 200000 shares repurchased in 2004) | $43000000 |
| Curent stock price per share | $25 |
The price-to-book ratio for Apollo Television, Inc. is closest to（ ）。
| Common shareholderss? equity | shares outstanding | Book value per share | Price-to-book ratio |
| 4+16+7.6-4.3= 23.3m | 2-0.2=1.8m | 23.3/1.8=12.94 | 25/12. 94=2.0x |