Which of the two statements below are correct? You can only mark two alternatives and you will get 2 point for each correct answer.

Which two of the following five statements are correct?

• A stock with high market-to-book ratio is typically considered a growth stock
• The Bid-Ask Spread is the difference between what people are willing to buy for and what they are willing to sell for
• The P/E Ratio is calculated as Profits / Earnings Per Share
• A decision that benefits the shareholder of a particular company is always good for the society as a whole
• The income statement describes the firm's financial position at a point in time