$2.$ Similarly, from $2008$ through $2010,$ the companys book valueincreased from year to year. In general, and assuming that everything else remains constant, this behavior should have tended todecrease the companys market$-$to$-$book $($M$/$B$)$ ratio. However, over time, Targets M$/$B ratio had increased, which suggests that the percentage increase in the market price had beengreater than the percentage increase in the companys book value.Because the denominator of both the market price per share and the book value per share ratios is the number ofpreferred shares outstanding, the trend of the M$/$B ratio indicates which of the following?The market placed a decreasing value on the portion of the company owned by the common shareholders.The market placed an increasing value on the portion of the company owned by the creditors and debtholders.The market placed an increasing value on the portion of the company owned by the common shareholders$\mathrm{.}3.$ Targets earnings per share $($EPS$)$ ratio, which is calculated by dividing itsnet income by the number of common shares outstanding, exhibited a consistently increasing trend, growing by between $2008$ and $2009$ and by between $2009$ and $2010\mathrm{.}4.$ From $2008$ through $2010,$ Targets price$-$to$-$earnings $($P$/$E$)$ ratio exhibited an inconsistent trend. Which of the following phenomena contributed to this pattern? Check all that apply.Between $2009$ and $2010,$ the market price per share of Targets common stock increased by a greater percentage than that exhibited by its EPS.Between $2008$ and $2009,$ Targets EPS increased by a greater percentage than the market price of its common shares.Between $2008$ and $2009,$ the market price per share of Targets common stock increased by a greater percentage than that exhibited by its EPS.