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1) The use of P/E ratios to select stocks suggests that a. low P/E ratio stocks

ID: 2624062 • Letter: 1

Question

1) The use of P/E ratios to select stocks suggests that

a.

low P/E ratio stocks are overvalued

b.

a stock should be purchased if it is selling near its historic high P/E

c.

high P/E stocks should be purchased

d.

a stock should be purchased if it is selling near its historic low P/E

2)

Use of P/E ratios will not produce superior investment results according to the

Answer

a.

all forms of the efficient market hypothesis

b.

semi-strong form of the efficient market hypothesis

c.

weak form of the efficient market hypothesis

d.

strong form of the efficient market hypothesis

a.

low P/E ratio stocks are overvalued

b.

a stock should be purchased if it is selling near its historic high P/E

c.

high P/E stocks should be purchased

d.

a stock should be purchased if it is selling near its historic low P/E

Explanation / Answer

a stock should be purchased if it is selling near its historic high P/E,

a stock should be purchased if it is selling near its historic low P/E

b.

semi-strong form of the efficient market hypothesis

c.

weak form of the efficient market hypothesis

b.

semi-strong form of the efficient market hypothesis

c.

weak form of the efficient market hypothesis