If a firm increases its plowback ratio, this will probably result in _______ P/E ratio.
A. a higher
B. a lower
C. an unchanged
D. The answer cannot be determined from the information given.
Answer: D
If a firm increases its plowback ratio, this will probably result in _______ P/E ratio.
A. a higher
B. a lower
C. an unchanged
D. The answer cannot be determined from the information given.
Answer: D