Studies of the Relationship Between P/E Ratios and Stock Returns

Multiple Choice

Studies of the relationship between P/E ratios and stock returns have found that

A) low P/E stocks of large cap stocks outperformed low P/E stocks of small cap stocks.
B) low P/E stocks of small cap stocks outperformed high P/E stocks of large cap stocks.
C) high P/E stocks of large cap stocks outperformed low P/E stocks of small cap stocks.
D) high P/E stocks of large cap stocks outperformed high P/E stocks of small cap stocks.
E) low P/E stocks of small cap stocks equaled the performance high P/E stocks of large cap stocks.