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please provide explanation John sorts stocks by their P/E ratios. The quintile of stocks with the lowest P/E ratios have lower returns than the quintile

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John sorts stocks by their P/E ratios. The quintile of stocks with the lowest P/E ratios have lower returns than the quintile of stocks with the highest P/E ratios. This is... Evidence contrary to the "value premium." none of the answers listed here. Confirmation of the "size effect." Confirmation of the "value premium

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