Question
Chisel Corporation has 2.000 million shares outstanding at a price per share of $2.00. If the debt-to-equity ratio is 1.00 and total book value of
Chisel Corporation has 2.000 million shares outstanding at a price per share of $2.00. If the debt-to-equity ratio is 1.00 and total book value of debt equals $12,250,000, what is the market-to-book ratio for Chisel Corporation? (Round answer to 2 decimal places, e.g.12.25.)
| Market-to-book ratio |
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Introduction To Derivatives And Risk Management
Authors: Robert Brooks, Don M Chance
9th Edition
1133190197, 978-1133190196
