Review Table 7.2, which lists the market values of several stocks. Update the table. Which stock’s value has changed by the greatest percentage since 2020, when the table was created? Now recalculate book value per share. Have the book values for any firm changed? Which seems to be more stable, book or market value? Why?

Table 7.2

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TABLE 7.2 Market values versus book values, July 2020. FedEx Johnson & Johnson Campbell Soup PepsiCo Walmart Microsoft Amazon DowDuPont American Electric Power US Steel Ticker FDX JNJ CPB PEP WMT MSFT AMZN DOW AEP X Source: Yahoo! Finance, finance.yahoo.com. Stock Price 129.28 146.75 49.87 128.69 123.10 182.33 2,442.37 37.54 82.85 8.02 Book Value per Share 70.03 22.82 8.57 8.53 22.55 14.07 107.03 15.26 37.66 17.06 Market-to-Book- Value Ratio 1.8 6.4 5.8 15.1 5.5 13.0 22.8 2.5 2.2 0.5