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Discuss what P/E ratio is, how it is calculated, what it shows, and why firms with high P/E ratio tend to choose bad projects with
- Discuss what P/E ratio is, how it is calculated, what it shows, and why firms with high P/E ratio tend to choose bad projects with good earnings (underestimating their true cost of equity capital)?
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Governance Of Financial Management
Authors: John Carver, Miriam Carver
1st Edition
0470392541, 9780470392546
