Which of the Following Statements About Analysts' Earnings Forecasts Is

Multiple Choice

Which of the following statements about analysts' earnings forecasts is correct? Analysts' long-term forecasts tend to be too:

A) high, whereas their near-term forecasts tend to be too low.
B) high, and their near-term forecasts also tend to be too high.
C) low, whereas their near-term forecasts tend to be too high.
D) low, and their near-term forecasts also tend to be too low.