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1.Consider Buffett's investment philosophy 3, Time Value of Money. What is the market to book ratio based on the information given below?(See exhibits 6 &

1.Consider Buffett's investment philosophy 3, "Time Value of Money." What is the market to book ratio based on the information given below?(See exhibits 6 & 7 of the case) [5 points]

Initial investment at T=0 is $100 million

Five-year investment horizon

Cost of equity is 20%

Return on equity is 25%

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