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Assume that the market value of the current assets is equal to the book value and that the market value of the net fixed assets
Assume that the market value of the current assets is equal to the book value and that the market value of the net fixed assets is three times the book value. The market value of current liabilities is equal to the book value and the market value of longterm debt is of its book value.
If the market value of equity is equal to the market value of assets minus the market value of liabilities, what is the market value of the equity in Bill's Lanes?
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