In early 2018,Facebook's market/book ratio was close to 7.0.A market/book ratio that much greater than 1.0 for Facebook means that ________.
A) Facebook has a huge number of common shares outstanding
B) the book value of Facebook's equity is far less than the total market value of the company's stock
C) Facebook's stock is overvalued
D) Facebook's book value is inflated because so many of its assets are intangible
Correct Answer:
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