Assume that Congress announces its intention to limit the prices and profits of pharmaceutical companies as part

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Assume that Congress announces its intention to limit the prices and profits of pharmaceutical companies as part of an effort to control health care costs. What effect would you expect this announcement to have on the p/e ratios and stock prices of pharmaceutical companies such as Merck and Bristol-Myers Squibb ? Explain.

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Financial & Managerial Accounting

ISBN: 9780073526997

15th Edition

Authors: Jan Williams, Sue Haka, Mark Bettner, Joseph Carcello

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