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Which of the following factors typically will NOT influence the magnitude of the price-earnings (P/E) ratio? 1. An increase in the firm's dividend payout ratio,

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Which of the following factors typically will NOT influence the magnitude of the price-earnings (P/E) ratio? 1. An increase in the firm's dividend payout ratio, all else remaining unchanged 2. An increase in the firm's degree of operating leverage (OLEV), all else remaining unchanged An increase in the size of the firm as measured by its total assets through internal expansion, all else remaining unchanged The industry sector within which the firm operates 3. 4

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