Would company stock trade for less than book value of equity

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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.

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https://www.bloomberg.com/apps/news?pid=newsarchive&refer=home&sid=ahiVT6vmGNEA

Reference no: EM13910225

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