ABC Corp's equity as of 12/31/2020 has a market value of 500 and a book value of 200. Equity investments of equivalent risk are expected to earn 8 percent per annum. A year later, market and book values are 520 and 230, respectively. No dividends were paid, and no shares were issued or repurchased. Answer the following questions. GR is considering buying shares of ABC. He reads about ABC Corp's products and reaches the preliminary conclusion that ABC operates in a competitive industry. Do investors in the stock market share that view? Explain briefly