Question: 3 Assume two companies in the same industry have equal earnings. Why might these companies have different price - earnings ratios? If a company has

3 Assume two companies in the same industry have equal earnings. Why might these companies have different price-earnings ratios? If a company has a price-earnings ratio of 20 and reports earnings per share for the current year of $4, what is its market price per share?
3 Assume two companies in the same industry have equal earnings.

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