Common stock is considered to be a variable-income security since the earnings from a common stock investment depend on the dividends that the company pays and the potential appreciation of the price of the stock itself. Company stock information (such as dividends, price changes, and so on) is available from several publicly accessible resources. The following table lists stock price data for four companies held in a mutual fund's portfolio: STOCK YLD VOL NET DIV % PE 100s LAST CHG +11.5 29.79 25.00 Beatnik Designs 1.50 5.3 4001 28.47 +0.08 +15.9 55.55 40.04 Saltwater Logistics 2.00 4.9 5 34201 41.10 -0.15 +17.8 40.20 30.03 Purple Tiger Tech 1.20 3.2 17 2033 37.67 +0.17 +6.9 38.60 23.17 Green Sun Company0.50 1.4 15 15770 34.87-0.28 YTD 52-WEEK % CHG HI LO Use the preceding data to answer the following question: Of the three companies that list price-to-earnings (P/E) ratios, Saltwater Logistics has the lowest P/E ratio. What can you hypothesize from this? Speculators are purchasing stock hoping that Saltwater's stock price will rise to unreasonably high levels. O Investors expect Saltwater's earnings to grow more slowly than the other companies' earnings. Saltwater's stock is definitely overvalued