Question 10 Not yet answered Marked out of 1.00 P Flag question Mrs Frazer found that stocks with a high cash-flow-to-price ratio tend to have lower returns than stocks with a low cash-flow-to-price ratio. Which conclusion will she most likely draw from this observation if she believes in market efficiency? O a Stocks with a high cash-flow-to-price ratio are less risky O b. Stocks with a high cash-flow-to-price ratio are undervalued O c. Stocks with a high cash-flow-to-price ratio are overvalued O d. Stocks with a low cash-flow-to-price ratio are less risky