Galt Industries has no debt, total equity capitalization of $600 million, and an equity beta of 1.2. Included in Galt's assets is $90 million in cash and risk-free securities. Assume the risk-free rate is 4% and the market risk premium is 6%. Galt's enterprise value is closest to:A) $90 millionB) $510 millionC) $600 millionD) $690 million
Answers (1)
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “Galt Industries has no debt, total equity capitalization of $600 million, and an equity beta of 1.2. Included in Galt's assets is $90 ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers
You Might be Interested in
Luker Corporation uses a process costing system. The company had $160,500 of beginning Finished Goods Inventory on October 1. It transferred in $837,000 of goods completed during the period.
Answers (1)
Janeal spends her day looking at the stock and bond markets and evaluating how the portfolios of the businesses she serves will do. What is Janeal's career?
Answers (1)
below is the equity section of the balance sheet of bottle inc. as of december 31, 2014: common stock, $12 par value $2,280,000 paid-in capital in excess of par 1,330,000 the company only has one class of common stock and no preferred stock.
Answers (1)
Albert decided that it was time to invest his money. he was quite excited and told his friends about his new financial venture. even his wife was supportive.
Answers (1)
2. In its fund financial statements, the city would recognize the receipt of a new computer (to be used for general administrative purposes) that it had ordered the previous year as an a. Encumbrance b. Expense c. Expenditure d. Asset
Answers (2)
New Questions in Business
Assuming you own a home, where would the amount for the mortgage owed to the bank go in a personal balance sheet? A. Within the equity total B. Under sub prime assets C. Under revenues D. Under liabilities
Answers (2)
When a firm has international operations, choosing the most appropriate structure depends upon the extent of international expansion, the type of strategy, and the degree of market diversity. True False
Answers (1)
In economics, the cost of something is a. always measured in units of time given up to get it. b. the dollar amount of obtaining it. c. what you give up to get it. d. often impossible to quantify, even in principle. 1
Answers (1)
Mark Beck is a new graduate preparing for an interview. In school, he had the opportunity to role-play a technique that requires applicants to give specific examples of how they have performed a specific task or handled a specific problem in the
Answers (1)
You invest $1,000 in a complete portfolio. The complete portfolio is composed of a risky asset with an expected rate of return of 16% and a standard deviation of 20% and a Treasury bill with a rate of return of 6%, what proportion ofyour $1,000
Answers (1)