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The price-earnings ratio of company ABC is 15. Which of the following is the correct interpretation? A. Investors are willing and able to pay $1

The price-earnings ratio of company ABC is 15. Which of the following is the correct interpretation?

A. Investors are willing and able to pay $1 for $15 of earnings of ABC.

B. Investors are willing and able to pay $15 for a $1 of earnings of ABC.

C. The stock is selling for 15 times its earnings.

D. A and B are correct

E. B and C are correct

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