A firm has a total book value of equity of $300,000, a market to book ratio of .33 (one-third), and a book value per share of $8.00. What is the total market value of the firm's equity? O$ 100,000 O$ 37,500 O$ 112,500- O$ 900,000 O $1,200,000
A firm has a total book value of equity of $300,000, a market to book ratio of .33 (one-third), and a book value per share of $8.00. What is the total market value of the firm's equity? O$ 100,000 O$ 37,500 O$ 112,500- O$ 900,000 O $1,200,000
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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![A firm has a total book value of equity of $300,000, a market to book ratio of .33 (one-third), and a
book value per share of $8.00. What is the total market value of the firm's equity?
O$ 100,000
O$ 37,500
O$ 112,500
O$ 900,000
O $1,200,000](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F537cca7c-787a-475d-9aba-926e9a602de3%2Feb780868-2e09-4916-ab8c-4e580c0a97e3%2Fw1voeb_processed.jpeg&w=3840&q=75)
Transcribed Image Text:A firm has a total book value of equity of $300,000, a market to book ratio of .33 (one-third), and a
book value per share of $8.00. What is the total market value of the firm's equity?
O$ 100,000
O$ 37,500
O$ 112,500
O$ 900,000
O $1,200,000
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