[[Problem]] Valuing an Asset in a Portfolio Holbrook Holdings is a publicly traded company with only 1 answer below »

[[Problem]]

Valuing an Asset in a Portfolio

Holbrook Holdings is a publicly traded company with only two assets: It owns 60% of Harry’s Hotcakes restaurant chain and an ice hockey team. Suppose the market value of Holbrook Holdings is $160 million, and the market value of the entire Harry’s Hotcakes chain (which is also publicly traded) is $120 million. What is the market value of the hockey team?