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DeBondt and Thaler (1990) argue that the P/E effect can be explained by a. forecasting errors and earnings expectations that are too extreme. b. earnings
DeBondt and Thaler (1990) argue that the P/E effect can be explained by
a. forecasting errors and earnings expectations that are too extreme.
b. earnings expectations that are not extreme enough.
c. earnings expectations that are too extreme.
d. forecasting errors.
e. regret avoidance.
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