Consider the following data for the airline industry for August 1, 2012 (EV = enterprise value, Book

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Consider the following data for the airline industry for August 1, 2012 (EV = enterprise value, Book = tangible book value, NM = not meaningful because divisor is negative). Discuss the challenges of using multiples to value an airline.

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Corporate Finance

ISBN: 9780132992473

3rd Edition

Authors: Jonathan Berk, Peter DeMarzo

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