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Which of the following statements about PE ratio is NOT true? - A high PE ratio indicates the current stock price might be high. -A

Which of the following statements about PE ratio is NOT true?

- A high PE ratio indicates the current stock price might be high.

-A low PE ratio indicates that the firm has significant prospects for future growth.

-It measures how much investors are willing to pay per dollar of earnings.

-PE ratio usually varies across industries.

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