a. In early 2018, the market values of the shares of many banks (e.g., Bank of America

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a. In early 2018, the market values of the shares of many banks (e.g., Bank of America or Citigroup) were barely greater than book value per share. How would you interpret this pattern?

b. At the same time, Apple’s market value per share was more than six times its book value. Is this consistent with your analysis in part (a)?

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Fundamentals of Corporate Finance

ISBN: 978-1260566093

10th edition

Authors: Richard Brealey, Stewart Myers, Alan Marcus

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Question Posted: Oct 25, 2019 06:46 AM

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a. In early 2018, the market values of the shares of many banks (e.g., Bank of America

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a In early2018investors saw the value of assets on the books of these ...View the full answer

Fundamentals of Corporate Finance

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