a. In early 2018, the market values of the shares of many banks (e.g., Bank of America
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a. In early 2018, the market values of the shares of many banks (e.g., Bank of America or Citigroup) were barely greater than book value per share. How would you interpret this pattern?
b. At the same time, Apple’s market value per share was more than six times its book value. Is this consistent with your analysis in part (a)?
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Related Book For
Fundamentals of Corporate Finance
ISBN: 978-1260566093
10th edition
Authors: Richard Brealey, Stewart Myers, Alan Marcus
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