Financial & Managerial Accounting 17th Edition by Jan Williams ,Susan Haka,Mark Bettner,Joseph Carcello

تمرين 52

Assume that Congress announces its intention to limit the prices and profits of pharmaceutical companies as part of an effort to control health care costs. What effect would you expect this announcement to have on the p/e ratios and stock prices of pharmaceutical companies such as Merck and Bristol-Myers Squibb? Explain.