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In early 2015, Ford Motor (F) had a book value of equity of billion, billion shares outstanding, and a
market price of per share. Ford also had cash of billion, and total debt of billion. Three years later,
in early , Ford had a book value of equity of billion, billion shares outstanding with a market price
of per share, cash of billion, and total debt of billion. Over this period, what was the change in
Ford's a. market capitalization? b. market-to-book ratio? c. enterprise value?

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