Question 15 (6.25 points) Which of the following statements is NOT true? (Ch6) The normal forward P/E and the normal trailing P/E always differ by 1. Earnings yield is equal to normal forward P/E. Abnormal earnings growth is always equal to growth of (change in) residual earnings. A PEG ratio is the ratio of the P/E to one-year-ahead expected earnings growth in percentage terms, that is, PEG ratio = (P/E)/(1-year ahead percentage earnings growth)