A firm has a reported enterprise value of $42.00 billion. The firm has $12.00 billion...
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A firm has a reported enterprise value of $42.00 billion. The firm has $12.00 billion of debt on its balance sheet, and $1.00 billion in cash. The firm also reports $7.00 billion in shareholder equity with 500.00 million shares outstanding. Finally, the firm reported $770.00 million in net income last year.
If the enterprise value is correct, what is the market capitalization or market value of the firms common equity? (express in billions)
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