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When is it appropriate to consider the price to book ratio when valuing a security? a. Both assets and liabilities reflect fair market value. The

When is it appropriate to consider the price to book ratio when valuing a security?

a. Both assets and liabilities reflect fair market value. The stock trades at a premium to book value.

b. Both assets reflect historic values. The stock trades at a discount to book value.

c. Both assets and liabilities reflect fair market value. The stock trades at a discount to book value.

d. Both assets reflect historic values. The stock trades at a premium to book value.

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