The market-to-book ratios of firms in the technology sector are historically high relative to other sectors. Does this mean that the technology sector is over-valued relative to other firms? Select one: O No, since the market value captures information related to growth prospects that is not necessarily reflected in the historical book value. O Yes, since value investors use book value to measure intrinsic value. O Yes, since the book-to-market ratio is positively related to returns in the three-factor model. O Yes, since in perfectly efficient markets, the market value should reflect the book value of the firm and this measures intrinsic value