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QUESTION
Sebastian's Subs has a book value of equity of $900,000 and a market value of liabilities of $450,000.Which of the following must be true?
Sebastian's Subs has a book value of equity of $900,000 and a market value of liabilities of $450,000. Which of the following must be true?
a. Sebastian's Subs has a market value of assets of $1,350,000.
b. Sebastian's Subs has a book value of assets of $1,350,000.
c. Sebastian's Subs has a market value of equity greater than $900,000.
d. None of the Above.
