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Question 52

Multiple Choice

Use the information for the question(s) below.
Luther Industries has no debt,a total equity capitalization of $20 billion,and a beta of 1.8.Included in Luther's assets are $4 billion in cash and risk-free securities.
-What is Luther's enterprise value?


A) $16 billion
B) $10.5 billion
C) $24 billion
D) $20 billion

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