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AEP is a big utility company with a book value of assets of $300. Other big utilities have a market value of assets over book

AEP is a big utility company with a book value of assets of $300. Other big utilities have a market value of assets over book value of assets (MV/BV) of 1.2. If AEP has $250 in debt and no excess cash, what is the market value of its equity?

A.

$110
B.

$250
C.

$360
D.

$380

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