Question: If a firm increases its plowback ratio, this will definitely result in __________ P/E ratio. A - An Unchanged B - The answer cannot be

If a firm increases its plowback ratio, this will definitely result in __________ P/E ratio.

A - An Unchanged

B - The answer cannot be determined from the given information

C - A higher

D - The plowback ratio has no effect on P/E ratio

E - A lower

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