Question
In mid-2015, Cisco Systems had a market capitalization of $138 billion. It had A-rated debt of $24 billion as well as cash and short-term investments
In mid-2015, Cisco Systems had a market capitalization of $138 billion. It had A-rated debt of $24 billion as well as cash and short-term investments of $65 billion, and its estimated equity beta at the time was 1.11.
a. What is Cisco's enterprise value?
b. Assuming Cisco's debt has a beta of zero, estimate the beta of Cisco's underlying business enterprise.
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Renewable Energy Finance Theory And Practice
Authors: Santosh Raikar, Seabron Adamson
1st Edition
0128164417, 9780128164419
