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The use of price to book ratios to select stocks suggest that: a. a stock should be purchased if it is selling near its historic

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The use of price to book ratios to select stocks suggest that: a. a stock should be purchased if it is selling near its historic high price to book ratio. b. low price to book stocks are overvalued. c. a stock should be purchased if it its selling near its historic low price to book ratio. d. high price to book stocks are undervalued

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