1. Why should Tobins q be expected to mean revert? 2. How does equity q differ from...
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1. Why should Tobin’s q be expected to mean revert?
2. How does equity q differ from the price-to-book ratio?
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1 If Tobins q is greater than 10 then the market is valuing a company at more than it costs to repl...View the full answer
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Related Book For 
Investments Principles Of Portfolio And Equity Analysis
ISBN: 9780470915806
1st Edition
Authors: Michael McMillan, Jerald E. Pinto, Wendy L. Pirie, Gerhard Van De Venter, Lawrence E. Kochard
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