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The difference between a companys book value per share and market price per share conceptually represents a. The compounded, future value of future cash flows

The difference between a companys book value per share and market price per share conceptually represents

a. The compounded, future value of future cash flows

b. The discounted, present value of present cash flows

c. The compounded, future value of present cash flows

d. The discounted, present value of expected future cash flows

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