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EDC has 20 million shares outstanding with a current share price of $38.50. The firm has a market-to-book ratio of 8 and a book debt-equity
EDC has 20 million shares outstanding with a current share price of $38.50. The firm has a market-to-book ratio of 8 and a book debt-equity ratio of 4. If EDC currently has $1 million in cash, what is its enterprise value? $0.968 billion $4.115 billion $4.598 billion $2.183 billion $1.154 billion
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Finance Applications And Theory
Authors: Marcia Cornett, Troy Adair, John Nofsinger
2nd Edition
0073530670, 9780073530673
