Examlex
Even after adjusting for risk, ________ firms earn have, over long periods of time, earned higher returns than ________ firms.
Book Value
The value of a company or asset according to its financial statements, calculated by taking the total assets minus the liabilities and intangible assets.
Mortgage Payable
A liability account on the balance sheet representing the amount owed to a lender for property purchased.
Market Value
The present-day trading price for assets or services available in the open market.
Book Value
The net value of a company's assets as found on its balance sheet, which is often different from its market value.
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