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Answer true or false to the following statements: 1. Market value and book value are always the same. 2. Book value may be used when

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Answer true or false to the following statements: 1. Market value and book value are always the same. 2. Book value may be used when seeking a loan. 3. If a company is liquidated, book value represents what an owner might receive. 4. When calculating book value per share for preferred stock, par value may be used instead of redemption value. 5. The paid-in capital in excess of par value account is included in the book value calculation of common stock

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