X Enterprises has 6 million shares outstanding. The market price per share is $100. The firm's book

Fantastic news! We've Found the answer you've been seeking!

Question:

X Enterprises has 6 million shares outstanding. The market price per share is $100. The firm's book value of equity is $30 million. What is X's market capitalization? What is X's Market to-Book ratio?

Related Book For answer-question

Fundamentals of Corporate Finance

ISBN: 978-0132148238

2nd edition

Authors: Berk, DeMarzo, Harford

See More Books

Posted Date: May 03, 2022 10:42 PM

See More Questions

What was the change in Globals book value of equity from 2009 to 2010 according to Table 2.1? Does this imply that the market price of Globals shares increased in 2010? Explain.
What was the change in Global's book value of equity from 2010 to 2011 according to Table 2.1? Does this imply that the market price of Global's shares increased in 2011? Explain.
Given the following information, calculate the market price per share of WPM Inc. Earnings after interest and taxes = $200,000 Earnings per share = $2.00 Stockholders' equity = $2,000,000 Market/Book...
Using java language and data structure In chapter 1 you learned how to merge two sorted lists and get a third list which is also sorted. Write a method named mergeUnsortedLists in an application,...
A consumer buying cooperative tested the effective heating area of 20 different electric space heaters with different wattages. Here are the results. a. Compute the correlation between the wattage...
Discuss whether(1) contributory negligence (2) comparative negligence; and (3) assumption of risk is a viable defense available to defendants in TEXAS tort cases, explain under what circumstances it...
A partially completed flowchart for the Bottom Manufacturing Corporation's credit sales is presented on the following page. When a customer's order is received, a sixpart sales order is prepared and...
Mancuso Corporation amended its pension plan on January 1, 2012, and granted $160,000 of prior service costs to its employees. The employees are expected to provide 2,000 service years in the future,...
Mary Mother comes into your office, and wants to talk about divorcing her husband, Fred Father. The parties were married in Tampa, Fl on July 4, 1995. There are no minor children of the marriage, but...
Mahalo Boat Adventure Inc. has a July 31 year-end. It showed the following partial amortization schedules regarding two bond issues: Required Answer the following for each bond issue: a. Were the...
In an acquisition involving a total enterprise value of $25 million, the acquired company owns three ships. Management has introduced the audit team to a ship broker who stated that, based on his...
Each coefficient matrix A in Problems 25 through 30 is the sum of a nilpotent matrix and a multiple of the identity matrix. Use this fact (as in Example 6) to solve the given initial value problem....
Consider a sample taken from the population of all taxi-in times for all flights that land in Los Angeles. Identify the symbols used for the sample standard deviation, the population standard...
Design a program that asks the user to enter a number of seconds, and works as follows: There are 60 seconds in a minute. If the number of seconds entered by the user is greater than or equal to 60,...
Write a code that find if a string is palindrome and it should return true for below inputs too. Stella won no wallets. No, it is open on one position. Rise to vote, Sir. Won't lovers revolt now?
All the functions are implemented considering as if the graph is represented by adjacency list. Write all those functions for graph representation as adjacency matrix.
Unethical behavior is not necessarily illegal behavior. True False Insider trading rules apply only to officers and directors. True False Express warranties cannot be disclaimed. True False
Discuss whether responsible human resources management should apply different standards for the home company and suppliers, for developed countries and developing countries, and for large companies...
Foster Enterprises stock is trading for $50 per share and there are currently 10 million shares outstanding. It would like to raise $100 million. If its underwriter charges 5% of gross proceeds, a....
The NFF Corporation has announced plans to acquire LE Corporation. NFF is trading for $35 per share and LE is trading for $25 per share, implying a premerger value of LE of $4 billion. If the...
Orchid Biotech Company is evaluating several development projects for experimental drugs. Although the cash flows are difficult to forecast, the company has come up with the following estimates of...
An electronic instrument is to be isolated from a panel that vibrates at frequencies ranging from $25 \mathrm{~Hz}$ to $35 \mathrm{~Hz}$. It is estimated that at least 80 percent vibration...
An exhaust fan, having a small unbalance, weights $800 \mathrm{~N}$ and operates at a speed of $600 \mathrm{rpm}$. It is desired to limit the response to a transmissibility of 2.5 as the fan...
The armature of a variable-speed electric motor, of mass $200 \mathrm{~kg}$, has an unbalance due to manufacturing errors. The motor is mounted on an isolator having a stiffness of \(10 \mathrm{kN}...

X Enterprises has 6 million shares outstanding. The market price per share is $100. The firm's book

Question:

Expert Answer:

Market Capitalization Market price of sha... View the full answer

Fundamentals of Corporate Finance

Students also viewed these finance questions