medium · Investment Banking

If a company's share price increases by $5.00, which of the following statements regarding the valuation bridge is true?

  1. Enterprise Value increases more than Equity Value due to the dilutive effect of options.
  2. Equity Value increases, and Enterprise Value increases by the same absolute amount.
  3. Equity Value increases, and Enterprise Value decreases as the company's cost of equity falls.
  4. Equity Value increases, but Enterprise Value remains constant because it represents the operating business.

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