Which of the Following Is True

Multiple Choice

Which of the following is true?

A) Historically, high P/E or growth stocks have outperformed low P/E or value stocks.
B) Historically, low P/E or value stocks have outperformed high P/E or growth stocks.
C) After adjusting for risk, high P/E or growth stocks and low P/E or value stocks have performed about the same over time.
D) the P/E effect is limited to U.S.stocks.