What other factors might explain the high p-b ratios

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Question: 1. Price-to-book ratios are determined by how accountants measure book values. Can you think of accounting reasons for why price-to-book ratios were high in the 1990s? What other factors might explain the high P/B ratios?

2. Why are dividends not an expense in the income statement?

Reference no: EM131486876

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