If the stock market value of a firm is $10 million and the firm owns $15 million of capital, then Tobin's q equals
(a) 2/3.
(b) 1.
(c) 3/2.
(d) 4.
Answer: A
If the stock market value of a firm is $10 million and the firm owns $15 million of capital, then Tobin's q equals
(a) 2/3.
(b) 1.
(c) 3/2.
(d) 4.
Answer: A
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