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An analyst has gathered the following data for Sure Money Inc (SMI): Recent share price $31.25 Shares outstanding 30 million Market value of debt $115
An analyst has gathered the following data for Sure Money Inc (SMI): Recent share price $31.25 Shares outstanding 30 million Market value of debt $115 million Cash and marketable securities $47.6 million Investments $247 million Net income $119.4 million . Interest expense $5.8 million Depreciation $6.9 million Amortization $2.3 million Taxes $85.9 million The EV/EBITDA ratio for SMI is closest to Select one: O a. 2.62 b. 5.26 C. 3.44 d. 4.78
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