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Last year, Bennett's had a PE ratio of 5.4. This year, the PE ratio is 4.9. Based on this information, it can be stated with

Last year, Bennett's had a PE ratio of 5.4. This year, the PE ratio is 4.9. Based on this information, it can be stated with absolute certainty that:

the earnings per share decreased.

either the price per share, the earnings per share, or both, changed.

investors are receiving a lower rate of return this year.

the price per share increased.

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