Each year in December, a securities analyst selects her 10 favorite stocks for the next year. Exhibit
Question:
Each year in December, a securities analyst selects her 10 favorite stocks for the next year. Exhibit 7 presents the P/Es, the ratio of share price to projected earnings per share (EPS), for her top 10 stock picks for the next year.
1. Calculate the arithmetic mean P/E for these 10 stocks.
2. Calculate the geometric mean P/E for these 10 stocks.
3. Calculate the harmonic mean P/E for the 10 stocks.
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Step by Step Answer:
The arithmetic mean is calculated as 1214810 121480 1 The geometric mean PE is ca...View the full answer
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