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Enterprise Value

Can someone clarify the exact formula.

I have see it three ways...

1) mkt debt + mkt equity - cash (and shor term)
2) mkt debt + mkt equity - cash (and shor term) - preferred
3) mkt debt + mkt equity - cash (and shor term) + preferred

Thanks in advance...

Sorry nevermind...
After some extra searching... Its number 3...

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Where does preferred comes from and what is that?

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What I know is

Mkt Debt + Mkt Equity - cash - short term investments

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Smuggy - I misread the definition... It went on to talk about something else with respect to Pref.

Thanks!

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