Use the Table for the Question(s)below

question 80

Multiple Choice

Use the table for the question(s) below.

-Refer to the statement of financial position above.If in 2015 Luther has 10.2 million shares outstanding and these shares are trading at $16 per share,then what is Luther's enterprise value?

• A)-$63.3 million
• B)$353.1 million
• C)$389.7 million
• D)$516.9 million
• E)$163.2 million

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Definitions:

Diversifiable Risk

The portion of an investment's risk that can be reduced or eliminated through portfolio diversification, also known as unsystematic risk.

Unsystematic Risk

The type of risk that is unique to a specific company or industry, unpredictable and can be mitigated through diversification.

Minable Gold Reserves

The quantity of gold that is economically viable to extract from the earth's crust.

Risk Factor

An element or variable that increases the likelihood of a negative outcome, such as financial loss or failure.