Which of the following statements about the Price$/$Earnings ratio is not correct?

Multiple Choice

$$ The Price$/$Earnings ratio indicates how much investors are willing to pay for a share of a company's stock as a multiple of current earnings.

$$ A high Price$/$Earnings ratio may mean that investors have pushed the price of the stock up in anticipation of higher future net income.

$$ If EPS decreases and there is no change in the market price of the stock, the Price$/$Earnings ratio will decrease.