C5.3. Telesoft Corp.traded ata price-to-book ratioof 0.98 inMay1999 afterreporting an RaCE of 52.2 percent. Does the market

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C5.3. Telesoft Corp.traded ata price-to-book ratioof 0.98 inMay1999 afterreporting an RaCE of 52.2 percent. Does the market regard this ROCE as normal, unusually high, or unusually low?

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Financial Statement Analysis And Security Valuation

ISBN: 9780071267809

4th International Edition

Authors: Penman-Stephen-H, Steven Penman

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