Tobin's Q relates the market value of a firm's assets to which one of the following?

Tobin's Q relates the market value of a firm's assets to which one of the following?


-Initial cost of creating the firm.


-Current book value of the firm.


-Average asset value of similar firms.


-Average market value of similar firms.


-Today's cost to duplicate those assets.



Answer: Today's cost to duplicate those assets


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