When Tobin’s q is greater than one, ________. A) a unit of a firm’s s
When Tobin’s q is greater than one, ________.
A) a unit of a firm’s stock (equity) is worth more than a unit of the firm’s capital
B) a new unit of capital has more value than a new unit of stock (equity)
C) installed capital is worth less than new capital
D) a unit of capital that a firm owns has more value than a unit it might buy
ANSWER
D
Expert paper writers are just a few clicks away
Place an order in 3 easy steps. Takes less than 5 mins.