What is the interpretation of a price-to-book ratio = 1? Select one: a. The selling price of the firms’ products equal to the market value of the products b. The Market thinks the book value of the...

What is the interpretation of a price-to-book ratio = 1?
Select one:
a. The selling price of the firms’ products equal to the market value of the products
b. The Market thinks the book value of the firm is greater than the market value
c. None of the given choices
d. The market is valuing the firm at its book value