Question 2 (6.25 points) JT Technologies is expected to grow at a rate equal to the required rate of return for its equity, 20%, what is the normal trailing P/E ratio? (Cho) 6 8.33 09.33 05 Question 3 (6.25 points) Which of the following statements is NOT true? (Cho) The normal forward P/E and the normal trailing P/E always differ by 1. Abnormal earnings growth is always equal to growth of change in residual earnings Earnings yield is equal to normal forward P/E. O A PEG ratio is the ratio of the P/E to one-year-ahead expected earnings growth in percentage terms, that is, PEG ratio - (P/E)/(1-year ahead percentage earnings growth)