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The use of P/E ratios to select stocks suggests that Answer a. low P/E ratio stocks are overvalued b. a stock should be purchased if
The use of P/E ratios to select stocks suggests that
Answer
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| a. | low P/E ratio stocks are overvalued |
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| b. | a stock should be purchased if it is selling near its historic high P/E |
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| c. | high P/E stocks should be purchased |
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| d. | a stock should be purchased if it is selling near its historic low P/E |
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