1. Go to www.mhhe.com/edumarketinsight. Find the Industry Profile for the biotechnology and the water utility industries. Compare...
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1. Go to www.mhhe.com/edumarketinsight. Find the Industry Profile for the biotechnology and the water utility industries. Compare the price-to-book ratios for the two industries. (Price-to-book is price per share divided by book value per share.) Do the differences make sense to you in light of the different stages of these industries in terms of the typical industry life cycle?
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