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The Home Depot, Inc. reports a book value of approximately $9 billion in its February 1, 2015 annual report; however its market capitalization exceeds $100

The Home Depot, Inc. reports a book value of approximately $9 billion in its February 1, 2015 annual report; however its market capitalization exceeds $100 billion (more than 11 times its book value). Discuss why Home Depots book value is so much less than its market capital-ization. Describe the circumstances in which a companys book value might exceed its market capitalization.

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