Luther Corporation's Stock Price Is $39 Per Share and the Company

question 17

Multiple Choice

Luther Corporation's stock price is $39 per share and the company has 20 million shares outstanding.Its excess cash in 2009 is $23.4.Its Debt-to-Enterprise Value Ratio in 2009 is closest to:

• A)0.696
• B)0.37
• C)0.255
• D)0.654

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