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Which of the following statements about market-to-book ratio is NOT true? The book value refers to the equity value from balance sheet. A low market-to-book

Which of the following statements about market-to-book ratio is NOT true?

The book value refers to the equity value from balance sheet.

A low market-to-book ratio indicates the current stock price might be low.

The market value refers to the current stock price.

When the market-to-book ratio is lower than 1, the company has successfully created value for its shareholders.

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