Question: In early 2012, General Electric (GE) had a book value of equity of $ 115 billion, 10.1 billion shares outstanding, and a market price of
In early 2012, General Electric (GE) had a book value of equity of
$ 115
billion,
10.1
billion shares outstanding, and a market price of
$ 17.00
per share. GE also had cash of
$ 85
billion and total debt of
$ 411
billion. Four years later, in early 2015, GE had a book value of equity of
$ 129
billion,
10.4
billion shares outstanding with a market price of
$ 25.00
per share, cash of
$ 86
billion, and total debt of
$ 302
billion. Over this period, what was the change in GE's
a. market capitalization?
b. market-to-book ratio?
c. enterprise value?
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