You recently began working as a financial analyst for RBC$,$ and your manager told you that market values for

assets are more informative and useful than book values. Your manager went on to say that anyone who thinks in

terms of book values is completely wasting their time. One of your co$-$workers countered by saying that book values

are reliable, with no subjectivity. You're about to make a presentation to a major client $-$ how will you explain which

of these is more important, historical book values or market values?