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b. (5) Explain how and why the price-to-book ratio could be used to classify a stock as a 'growth' stock or a 'value' stock. c.

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b. (5) Explain how and why the price-to-book ratio could be used to classify a stock as a 'growth' stock or a 'value' stock. c. (5) Explain why a low price-to-book ratio might be an indication of a stock of a firm in financial distress rather than a 'value' stock

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