Question
A company has a share price of $23.81 and 111 million shares outstanding. Its market-to-book ratio is 4.2, its book debt-equity ratio is 3.2, and
A company has a share price of $23.81 and 111 million shares outstanding. Its market-to-book ratio is 4.2, its book debt-equity ratio is 3.2, and it has cash of
$850 million. How much would it cost to take over this business assuming you pay its enterprise value?
A. $3.80 billion
B. $4.57 billion
C. $3.05 billion
D. $1.90 billion
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Open Market Operations And Financial Markets
Authors: David Mayes , Jan Toporowski
1st Edition
0415417759, 978-0415417754
