Question: 3 . 2 After reading the analyst's research report the analyst's client asks the following question. Given that AirTaxi's P / B ( price -

3.2
After reading the analyst's research report the analyst's client asks the following question. "Given that AirTaxi's P/B (price-to-book) multiple is significantly greater than 1, doesn't this suggest that the company is massively overvalued and, so, shouldn't I sell this stock?" How should the analyst respond?
3 . 2 After reading the analyst's research report

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