A public company has a book value of $128 million. They have 20 million shares outstanding, with a market price of $4 per share. What inference can be drawn about the market's opinion on the company's assets?

A public company has a book value of $128 million. They have 20 million shares outstanding, with a market price of $4 per share. What inference can be drawn about the market's opinion on the company's assets?

EBK CONTEMPORARY FINANCIAL MANAGEMENT

14th Edition

ISBN:9781337514835

Author:MOYER

Publisher:MOYER

Chapter23: Corporate Restructuring

Section: Chapter Questions

Problem 12P

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