A firm has current assets that could be sold for their book value of $7,000,000. The book
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A firm has current assets that could be sold for their book value of $7,000,000. The book value of its fixed assets is $3,000,000, but they could be sold for $10,000,000 today. The firm has total debt at a book value of $1,500,000, but interest rate changes have increased the value of the debt to a current market value of $4,000,000. Calculate firm's equity market-to-book ratio
Related Book For
Essentials of Investments
ISBN: 978-0077835422
10th edition
Authors: Zvi Bodie, Alex Kane, Alan J. Marcus
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