Now pick two highly profitable tech firms: Advanced Micro Devices, Inc. (AMD) and Microsoft (MSFT), and two utilities/consumer firms: American Electric Power Co Inc. (AEP) and 3M Co. (MMM). Look at the financial statements on Yahoo Finance and answer the questions below.

a. Which firms have the higher P/E ratios? Does this make sense to you?

b. Which firms pay out a higher fraction of their profits as dividends to shareholders? Does this make sense to you?

c. As a value stock investor, which stocks do you want to buy?

(Note: Use the quarterly financial statements to calculate the latest ratios (i.e., Q2 of 2022))