Question: Based on the fed model, when inflation is high, the stock market tend to beO Overvalued because the earning price ratio needs to be high

Based on the fed model, when inflation is high, the stock market tend to beO Overvalued because the earning price ratio needs to be high to be comparable to yield on-long term bondO Undervalued because the earning price ratio needs to be high to be comparable to yeild on long termi band

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