Question
Log on to finance.yahoo.com and click the Key Statistics link for Pfizer (PFE) and Coca-Cola (KO). Construct the debt ratio, debt/(debt + equity), for both
Log on to finance.yahoo.com and click the Key Statistics link for Pfizer (PFE) and Coca-Cola (KO). Construct the debt ratio, debt/(debt + equity), for both firms. Now calculate their debt ratios by using the market value of equity but assuming that book value of debt approximates its market value. How does debt as a proportion of firm value change as you switch from book to market values? Chapter 16
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The Legal Environment Today Summarized Case Edition
Authors: Roger LeRoy Miller
8th Edition
130526276X, 978-1305279407, 1305279409, 978-1305704930, 1305704932, 978-1305262768
