Question
1) A company contemplating an IPO has earnings of $17 million and $50 million of debt. What is the fair value of equity in the
1) A company contemplating an IPO has earnings of $17 million and $50 million of debt. What is the fair value of equity in the company if comparable publicly-listed companies are trading at P/E multiples of 17?
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Finance Applications And Theory
Authors: Marcia Cornett, Troy Adair, John Nofsinger
1st Edition
0073382256, 9780073382258
