CI6.3. Explain how intrinsic price-to-book (PIB) ratios are affected by conservative accounting (suchas expensing R&D expenditures).

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CI6.3. Explain how intrinsic price-to-book (PIB) ratios are affected by conservative accounting (suchas expensing R&D expenditures).

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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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