A publicly traded firm has 4 million shares of stock outstanding, with a current share price of $50. The value of its plant and equipment is $250 million. Its profit annually is $50 million. Tobin’s q for this firm is
a) 0.75
b) 0.80
c) 1.00
d) 1.20
e) 1.25
b) 0.80
Economics
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Answer the following statement true (T) or false (F)
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U.S. firms collectively devote the largest portion of their total R&D spending to:
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What will be an ideal response?
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