Question: Question 1 1 Basu ( 1 9 7 7 , 1 9 8 3 ) found that firms with low P / E ratios earned

Question 11
Basu (1977,1983) found that firms with low P/E ratios
earned lower average returns than firms with high P/E ratios.
earned the same average returns as froms with high PE ratios.
had higher dividend yields than firms with high P/E ratios.
earned higher average returns than firms with high P/E ratios.
 Question 11 Basu (1977,1983) found that firms with low P/E ratios

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