Question
In March 2005, General Holdings (GH) had a book value of equity of $111 billion, 10.1 billion shares outstanding, and a market price of $36.17
In March 2005, General Holdings (GH) had a book value of equity of $111 billion, 10.1 billion shares outstanding, and a market price of $36.17 per share. GH also had cash of $13 billion, and total debt of $379 billion. Four years later, in early 2009, GH had a book value of equity of $110 billion, 10.2 billion shares outstanding with a market price of $11.24 per share, cash of $53 billion, and total debt of $528 billion. Over this period, the change in GH's: (a) market capitalization was in $ billions? (round to one decimal place) (b) market-to-book ratio was? (round to one decimal place) (c) book debt-equity ratio was? (round to one decimal place) (d) market debt-equity ratio was? (round to one decimal place) (e) enterprise value was in $ billions? (round to one decimal place
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