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Question 9 Not yet answered Huck Finn is thinking about purchasing some stock in Mississippi Mining Company (MMC). Huck uses the priceleamings ratio technique when

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Question 9 Not yet answered Huck Finn is thinking about purchasing some stock in Mississippi Mining Company (MMC). Huck uses the priceleamings ratio technique when purchasing stock. MMC stock is currently selling for $100 per share. MMC is expected to generate a profit of $10 per share this year. The industry averages a P/E of 9.5. Huck considers MMC to be approximately equal to other companies in its industry Marked out of 2.00 Biag question Select one: a. Huck should not buy MMC stock as its already selling at a premium to the market O b. Huck should buy MMC stock as its selling at a discount to the market C: MMC is not making any profit so he shouldn't buy that stock d. Not enough information to calculate P/E for MMC

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