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A Firm Has 12 Million Shares Outstanding with a Current

Question 121

Multiple Choice

A firm has 12 million shares outstanding with a current share price of $8.50.The firm has a market-to-book ratio of 3.55 and a book debt-equity ratio of 0.8.If the firm currently has $4 million in cash,what is its enterprise value?


A) $121 million
B) $83 million
C) $180 million
D) $102 million
E) $125 million

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