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    Investment Analysis and Portfolio Management Study Set 1
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    Exam 9: The Top-Down Approach to Market, Industry, and Company Analysis
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    Price-To-Book Value Ratio Cannot Be Used to Estimate the Value
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Price-To-Book Value Ratio Cannot Be Used to Estimate the Value

Question 51

Question 51

True/False

Price-to-book value ratio cannot be used to estimate the value of firms with negative earnings or negative cash flows.

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