A firm has a total book value of equity of $300,000, a market-to-book ratio of 0.33 (one- third), and a book value per share of $8. What is the total market value of the firm's equity? a. $100,000 b. $37,500 c. $112,500 d. $900,000 e. $1,200,000
A firm has a total book value of equity of $300,000, a market-to-book ratio of 0.33 (one- third), and a book value per share of $8. What is the total market value of the firm's equity? a. $100,000 b. $37,500 c. $112,500 d. $900,000 e. $1,200,000
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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