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A Firm Has Total Assets with a Current Book Value

Question 17

Multiple Choice

A firm has total assets with a current book value of $68,700, a current market value of $74,300, and a current replacement cost of $75,600. What is the value of Tobin's Q?


A) .85
B) .87
C) .92
D) .95
E) .98

Correct Answer:

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