A company has a total book value of equity of $920,000, a market-to-book ratio of 1.8, and a book value per share of $20. What is the total market value of the company's equity? a. $511,111 b. $1,656,000 c. $1,840,000 d. $3,312,000
A company has a total book value of equity of $920,000, a market-to-book ratio of 1.8, and a book value per share of $20. What is the total market value of the company's equity? a. $511,111 b. $1,656,000 c. $1,840,000 d. $3,312,000
Intermediate Financial Management (MindTap Course List)
13th Edition
ISBN:9781337395083
Author:Eugene F. Brigham, Phillip R. Daves
Publisher:Eugene F. Brigham, Phillip R. Daves
Chapter7: Analysis Of Financial Statements
Section: Chapter Questions
Problem 6P
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Transcribed Image Text:A company has a total book value of equity of $920,000, a market-to-book
ratio of 1.8, and a book value per share of $20. What is the total market value
of the company's equity?
a. $511,111
b. $1,656,000
c. $1,840,000
d. $3,312,000
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