TEST BANK FOR First Course In Probability 9th Edition By Sheldon M. Ross. John L.
Harvard University
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Exam (elaborations) TEST BANK FOR First Course In Probability 9th Edition By Sheldon M. Ross. John L. (Solution Manual)
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Exam (elaborations) TEST BANK FOR First Course In Probability 9th Edition By Sheldon M. Ross. John L. (Solution Manual) 
SOLUTIONS TO 
EXERCISE AND CASES 
For 
FINANCIAL STATEMENT ANALYSIS AND SECURITY VALUATION 
Stephen H. Penman 
CHAPTER ONE 
Introduction to Investing and Valuation 
Exercises 
Drill Exercises 
E1.1. Calculating Enterprise Value 
Enterprise Value = $1,800 million 
E1.2. Calculating Value Per Share 
Equity Value = $1,800 
E1.3 Buy or Sell? 
Value = $850 + $675 
= $1,525 millio...
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