Question
Q3) MTS has 85 million shares outstanding with a current share price of $19.25. The firm has a market-to-book ratio of 4.17 and a book
Q3) MTS has 85 million shares outstanding with a current share price of $19.25. The firm has a market-to-book ratio of 4.17 and a book debt-equity ratio of 1.59. If MTS currently has $24 million in cash, what is its enterprise value?
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Fundamentals of Financial Management
Authors: Eugene F. Brigham, Joel F. Houston
10th edition
978-1337902571, 1337902578, 978-1337911054, 1337911054, 978-0324272055
