Question
An airline has 124 million shares. Its market capitalization is 7,286 and its enterprise value is 8,207. The P/Book for this airline is 12.5 while
An airline has 124 million shares. Its market capitalization is 7,286 and its enterprise value is 8,207. The P/Book for this airline is 12.5 while the median P/Book (compared with other airlines including this current one) is 10.05. What is the implied market cap?
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Financial Markets And Institutions
Authors: Anthony Saunders, Marcia Cornett
4th Edition
0077262379, 978-0077262372
