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Q11.1 Book Value versus Market Capitalization. Alphabet Inc. reports a book value of approximately $178 billion in its December 31, 2018 annual report; however its

Q11.1 Book Value versus Market Capitalization. Alphabet Inc. reports a book value of approximately $178

billion in its December 31, 2018 annual report; however its market capitalization is about $800 billion (about

4.5 times its book value). Discuss why Alphabets book value is so much less than its market capitalization.

Describe the circumstances in which a companys book value might exceed its market capitalization

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