in early 2021, Facebook's market/book ratio was roughly 6.5. A market/book ratio that much greater...

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in early 2021, Facebook's market/book ratio was roughly 6.5. A market/book ratio that much greater than 10 for Facebook means that Facebook's stock is overvalued the book value of Facebook's equity is far less than the total market value of the company's stock Facebook's book value is inflated because so many of its assets are intangible Facebook has a huge number of common shares outstanding Question 18 20

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