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Book value per share may not approximate market value per share because: a. the book value excludes common equity. b. book values are based on

  1. Book value per share may not approximate market value per share because:

a.

the book value excludes common equity.

b.

book values are based on replacement costs

c.

book value is related to accounting values and market value is related to the future potential as seen by investors.

d.

investors do not understand book value.

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