问题
单项选择题
One advantage of using price-to-book value multiples for stock valuation is that:（）
A. most of the time it is close to the market value.
B. it is a stable and simple benchmark for comparison to the market price.
C. accounting standards for assets are always consistent across firms.
答案
参考答案：B
解析：
Book value provides a relatively stable measure of value that can be compared to the market price. For investors who mistrust the discounted cash flow estimates of value, it provides a much simpler benchmark for comparison. Book value may or may not be closer to the market value, and accounting standards for assets also vary from firm to firm (At times, firms may use different methods for accounting depreciation. ).