CFA Practice Question

There are 201 practice questions for this study session.

CFA Practice Question

Studies have shown that ______ multiples explain differences in long-run average returns.

I. P/E.
II. P/BV.
III. P/S.
IV. P/CF.
A. I, II and III
B. I, III and IV
C. I, II, III and IV
Explanation: Differences in these multiples may be related to differences in long-run average returns, according to empirical research.

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