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The Dinwiddie Corporation has current assets with a book value of $3,000 and a market value of $3,500. The firm's total non-current assets have a
The Dinwiddie Corporation has current assets with a book value of $3,000 and a market value of $3,500. The firm's total non-current assets have a book value of $8,000 and a market value of $6,500. The firm's net working capital has a book value of $1,200 and a market value of $800. Dinwiddie corporation has $2,000 in total long-term debt (both market value and book value). Calculate the market value of equity.
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