Last Year, a corporation had a book value of equity of $363.39 million of USDs, 11.32 million shares outstanding,and a market price of $44.36 per share. The corporation also had cash of $4.28 million of USDs, and total debt of $390.16 million USDs. What was the corporation's market - to - book ratio?

Last Year, a corporation had a book value of equity of $363.39 million of USDs, 11.32 million shares outstanding,and a market price of $44.36 per share. The corporation also had cash of $4.28 million of USDs, and total debt of $390.16 million USDs. What was the corporation's market - to - book ratio?

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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