Multiple Choice
A company has a share price of $22.15 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) $1.9 billion
B) $3.044 billion
C) $4.566 billion
D) $3.8 billion
Correct Answer:
Verified
Correct Answer:
Verified
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