Multiple Choice
A company has a share price of $24.50 and $118 million shares outstanding. Its market-to-book ratio is 4.2, its book debt-equity ratio is 3.2, and it has cash of $800 million. How much would it cost to take over this business assuming you pay its enterprise value?
A) $4.2 billion
B) $1.5
C) $3.6 billion
D) $2.8 billion
Correct Answer:
Verified
Correct Answer:
Verified
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