1. In the market-to-book ?ratio, the market value? (in the? numerator) refers to the liquidation value of a share of? stock, i.e., the amount of money each shareholder would receive if the company were shut? down, its assets sold and liabilities paid off. true or false?
2. The method most commonly used by investment professionals to calculate a? firm's P/E constant? (its benchmark? P/E level) is to average the? P/E ratios of comparable firms. true or false?