39 If a companys p/e ratio this year is 17, whereas last year it was 11, which...
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39 If a company’s p/e ratio this year is 17, whereas last year it was 11, which of the following statements is certain?
(a) The company has made more profit this year
(b) The company’s share price is higher this year than last year
(c) The stock market regards the company as a greater risk this year than last year
(d) The share price this year is a greater multiple of the reported earnings per share than it was last year
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Related Book For 
Accounting And Finance For Business
ISBN: 9780273773948
1st Edition
Authors: Geoff Black, Mahmoud Al-Kilani
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