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Below are accounting book value of owners' equity and market value amounts for the 5 largest companies in the US (ranked in terms of total

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Below are accounting book value of owners' equity and market value amounts for the 5 largest companies in the US (ranked in terms of total market value in millions as of March 15, 2001): The average book-to-market ratio for publicly traded companies in the US is about 0.7. Why do you think the book-to-market ratios are so much lower for companies in the top 5 market value list

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