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Topic Test Level 2 - Equity , Valentine Case
If you are already doing the practice topic tests for level 2, I need your help to clarify something. I disagree with the answers for questions 2 and 3 for topic test on equity, the Valentine case. It seems to me the answers mixes up the formulas for trailing, and forward P/E ratios. If you agree with the answers for this topic test, would you please explain why the formulas used are correct? Thanks.