In early 2021, two companies reported almost the same earnings per share. Both Broadcom, a designer of semiconductor chips, and Casey's General Stores, operator of grocery and convenience stores, reported that over the prior 12 months they had earned about $9 per share. However, at $450, Broadcom's stock price was more than twice as high as Casey's, which was trading around $220 at the same time. This implies that Broadcom's P/E ratio was more than double Casey's P/E ratio. The best explanation for this is that ________. Question content area bottom Part 1 A. Investors expect Broadcom's earnings to grow more rapidly than Casey's earnings B. Broadcome is in a less risky business than Casey's General Stores C. Investors expect Casey's earnings to grow more rapidly than Broadcom's earnings D. Broadom was more profitable than Casey

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The detailed answer for the above question is provided below A Investors expect Broadcom... View the full answer