The book value of a firms common equity is usually lower than the market value of the

Question:

The book value of a firm’s common equity is usually lower than the market value of the common stock. Why? Can you describe a situation in which the value of a firm’s equity might exceed its market value?
Liquidation
Liquidation in finance and economics is the process of bringing a business to an end and distributing its assets to claimants. It is an event that usually occurs when a company is insolvent, meaning it cannot pay its obligations when they are due....