=+2. Use the figures provided in Section I (Chapters 4 and 9) and calculate the EVA and
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=+2. Use the figures provided in Section I (Chapters 4 and 9) and calculate the EVA and the MVA of ArcelorMittal in 2015. The weighted average cost of capital of ArcelorMittal is 10% and it has a market capitalisation of $11.7bn. Suppose the tax rate is 0% due to losses. Are you surprised that the ArcelorMittal MVA was negative?
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Related Book For
Corporate Finance Theory And Practice
ISBN: 9781119424482
5th Edition
Authors: Pierre Vernimmen, Pascal Quiry, Maurizio Dallocchio, Yann Le Fur, Antonio Salvi
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