12-21. In mid-2015, Cisco Systems had a market capitalization of $123 billion. It had A-rated debt of $21 billion as wel
Posted: Sat Feb 26, 2022 9:08 am
12-21. In mid-2015, Cisco Systems had a market capitalization of $123 billion. It had A-rated debt of $21 billion as well as cash and short-term investments of $62 billion, and its estimated equity beta at the time was 1.32. a. What is Cisco's enterprise value? b. Assuming Cisco's debt has a beta of zero, estimate the beta of Cisco's underlying business enterprise.