If Tobin's Q is computed by dividing the market value of traded equity and debt by the
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If Tobin's Q is computed by dividing the market value of traded equity and debt by the book value of assets, you will overestimate the value for high-growth firms. Explain why.
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Investment Valuation Tools And Techniques For Determining The Value Of Any Asset
ISBN: 9781118011522
3rd Edition
Authors: Aswath Damodaran
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