The current S&P 500 PE ratio is about 40. Historically, the average PE ratio of the S&P
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The current S&P 500 PE ratio is about 40. Historically, the average PE ratio of the S&P 500 is about 16. Explain what the current PE ratio implies about future prices and earnings.
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Financial Markets and Institutions
ISBN: 978-0133423624
8th edition
Authors: Frederic S. Mishkin, Stanley G. Eakins
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