In March 2005, General Electric (GE) had a book value of equity of $113 billion, 10.6 billion,shares outstanding, and a market price of $36 per share. GE also had cash of $13 billion, and,total debt of $370 billion. Four years later, in early 2009, GE had a book value of equity of,$105 billion, 10.5 billion shares outstanding with a market price of $10.80 per share, cash of,$48 billion, and total debt of $524 billion. Over this period, what was the change in GE’s,a. market capitalization?,b. market-to-book ratio?,c. book debt-equity ratio?,d. market debt-equity ratio?,e. enterprise value?
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