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Year Quintile Return for P/E ratios 1 3 2 -2 3 0 4 -3 5 2 The information in the table above... Confirms a value

Year Quintile Return for P/E ratios

1 3

2 -2

3 0

4 -3

5 2

The information in the table above...

Confirms a value effect in these stocks.

Confirms a growth effect in these stocks.

Confirms neither a value nor a growth effect in these stocks.

None of the above

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