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Google recently had a market cap of $ 1 9 1 billion, total equity of $ 2 0 . 7 billion, and 3 1 5
Google recently had a market cap of $ billion, total equity of $ billion, and million shares outstanding. At about the same time, the PB of Yahoo and eBay was Assume that we desire a minimum annual return on our investments, and that we believe Google will sell at times book value five years from now. What must Google earn ROE on average over the next years to make it a worthwhile investment?
Assume that Google pays no dividends.
Do not round until your final answer. Round final answer to one decimal place ex:
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