What is the agency enterprise value if it carries no cash

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An agency has issued bonds with a face value of $50 million.

These bonds are trading at 102. The agency's stock has a price-earning (P/E) ratio of 25. Its earnings per share were $2.00 last year with 1 million shares of common stock outstanding. What is the agency's enterprise value if it carries no cash?

Reference no: EM132354548

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