Problem:
Review this week's reading from Tsang & Xydias: "Cheapest Stocks Since 1995 Show Cash Exceeds Market (Update5)." Under what circumstances would a company's stock trade for less than the book value of its equity? Here is the link to the article that this question requires review in order to answer the question. Please answer the question in its entirety as well as ensure to provide a reference from this resource in the answer. I'm decreasing the credits associated with this because I originally posted the question and the requested deadline was not met. Please do not take this order unless you can meet the deadline. You should review the link and review the question to ensure that this something that can be done within the allotted timeframe. Thank you.
http:www.bloomberg.com/apps/news?pid=newsarchive&refer=home&sid=ahiVT6vmGNEA