Telesoft Corp. traded at a price-to-book ratio of 0.98 in May 1999 after reporting an ROCE of

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Telesoft Corp. traded at a price-to-book ratio of 0.98 in May 1999 after reporting an ROCE of 52.2 percent. Does the market regard this ROCE as normal, unusually high, or unusually low?

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Financial statements

ISBN: 978-007802531

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Authors: Stephen Barrad

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Question Posted: Mar 17, 2012 06:14 AM

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Telesoft Corp. traded at a price-to-book ratio of 0.98 in May 1999 after reporting an ROCE of

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A PB of 10 implies a future ROCE equal ...View the full answer

Financial statements

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