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Last year, Bennett's had a PE ratio of 5.4. This year, the PE ratio is 4.9. Based on this information, it can be stated with absolute certainty thatA) the price per share increased.B) the earnings per share decreased.C) either the price per share, the earnings per share, or both, changed.D) investors are receiving a lower rate of return this year.E) investors are paying a lower price for each share of stock purchased.
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