Essentials Of Investments
11th Edition
ISBN: 9781260013924
Author: Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher: Mcgraw-hill Education,
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2017 2020
EBITDA 900 1100
- Assume that in 2017 the company was purchased for an 8x multiple, using $2,400 of debt. Assume that in 2020 the company is sold for an 8x multiple, and there was still $2,400 of debt outstanding when the company was sold. What is the equity return?
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