Holding constant all other variables and excluding any interactions among the determinants of value, which of the

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Holding constant all other variables and excluding any interactions among the determinants of value, which of the following would most likely increase a firm’s price-to-earnings multiple?

a. The risk premium increases.

b. The retention rate increases.

c. The beta of the stock increases.

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Fundamentals Of Investing

ISBN: 9781292153988

13th Global Edition

Authors: Scott B. Smart, Lawrence J. Gitman, Michael D. Joehnk

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