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Which of the following is the correct interpretation of a stock with a PE ratio of 2 1 ? Multiple Choice Investors returns are 2

Which of the following is the correct interpretation of a stock with a PE ratio of 21?
Multiple Choice
Investors returns are 21 time sof the earnings yield.
Investors are paying 21 times earnings per share.
Investors expect to earn 21% returns for capital gains.
Investors expect the earnings will grow 21 times faster than the price.
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