Question
Last Year, a corporation had a book value of equity of $25 million of USDs, 3 million shares outstanding, and a market price of $12
Last Year, a corporation had a book value of equity of $25 million of USDs, 3 million shares outstanding, and a market price of $12 per share. The corporation also had cash of $8 million of USDs, and total debt of $90 million USDs. What was the corporation's market-to-book ratio?
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Parimutuel Applications In Finance New Markets For New Risks
Authors: Ken Baron, Jeffrey Lange
1st Edition
1403939500, 9781403939500
