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If a firm has a higher P/E ratio than its industry peer group, the most likely interpretation is that . a Investors believe the firm

If a firm has a higher P/E ratio than its industry peer group, the most likely interpretation is that .

a Investors believe the firm has lower risk than the industry b. The share price is much higher than the industry average c. Investors believe the firm has poorer growth prospects than the industry d. The earnings-per-share number is much lower than the industry average

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