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Luther Corporation Consolidated Balance Sheet

Question 37

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Luther Corporation Consolidated Balance Sheet
December 31, 2006 and 2005 (in $ millions) Luther Corporation Consolidated Balance Sheet December 31, 2006 and 2005 (in $ millions) Refer to the balance sheet above. If in 2006 Luther has 10.2 million shares outstanding and these shares are trading at $16 per share, then what is Luther's enterprise value? A) -$540.0 million B) $771.4 million C) $385.7 million D) $521.4 million Refer to the balance sheet above. If in 2006 Luther has 10.2 million shares outstanding and these shares are trading at $16 per share, then what is Luther's enterprise value?


A) -$540.0 million
B) $771.4 million
C) $385.7 million
D) $521.4 million

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