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You are analyzing the price-earnings (PE) ratios of a set of constant-growth firms. Of these firms, the one that the market expects to have the highest earnings growth rate is the one that has: The highest price-earnings ratio and the lowest required rate of return (R) The lowest price-earnings ratio and the highest required rate of return ( R ) The lowest price-earnings ratio and the lowest required rate of return (R) The highest price-earnings ratio and the highest required rate of return (R)