Question: Book value per share may not approximate market value per share because 1. Investments may have a market value substantially above the original cost. 2.

Book value per share may not approximate market value per share because 1. Investments may have a market value substantially above the original cost.

2. Land may have substantially increased in value.

3. Market value reflects future potential earning power.

4. The firm owns patents that have substantial value.

5. All of the above.

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