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19. A firm has a total book value of equity of $2 million, a market to book ratio of 2, and a book value per

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19. A firm has a total book value of equity of $2 million, a market to book ratio of 2, and a book value per share of $5.00. What is the total market value of the firm's equity? a. b. c. d. $10 $500,000 $2 million $4 million $20 million c. 20. Russell Securities has $100 million in total assets and its corporate tax rate is 40 percent. The company recently reported that its basic earning power (BEP) ratio was 15 percent and its return on assets (ROA) was 9 percent. What was the company's interest expense? a $ 0 b. $ 2,000,000 c. $6,000,000 d. $15,000,000 e. $18,000,000

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