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BMW had net earnings for 450 million dollars in 2022 and Revenues equal to 800. The Price/Earnings multiple of Mercedes-Benz in 2022 was 15 and
BMW had net earnings for 450 million dollars in 2022 and Revenues equal to 800. The Price/Earnings multiple of Mercedes-Benz in 2022 was 15 and its Revenue multiple was 8. Suppose we can assume that Mercedes-Benz is a comparable company to BMW since both are in the automobile sector for mid-to-expensive cars. What was the market value of BMW in 2022? a) 6,400 million dollars b) 6,750 million dollars c) 9,000 million dollars d) None of the above
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