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a If Ms. Janet believes that any stock that has a PE ratio that is more than 20% of the industry average to be overpriced,
a If Ms. Janet believes that any stock that has a PE ratio that is more than 20% of the industry average to be overpriced, do you recommend Ms. Janet to sell her shares knowing that industry average PIE ratio is 10? Show your calculations as well as your recommendation. Solution
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Managerial Accounting
Authors: Ronald W Hilton
7th Edition
0073022853, 978-0073022857
