Question

In estimating value per share of common stock of a company, for which of the following is book value a reasonable approximation for evaluating the asset or liability?

I. Excess real estate.

II. Discontinued operations.

III. Floating rate debt.

IV. Employee stock options.

a) I and II only.

b) I and III only.

c) II and III only.

d) III and IV only.

Answer

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