In 2001, the P/E ratio:
A) led to a discussion of "under-exuberance."
B) was inverted.
C) peaked at over 40.
D) equaled the mean P/E ratio.
E) began to rise sharply.

Name: In 2001, the P/E ratio: A) led to a discussion of "under-exuberance." B) was inverted. C) peaked at over 40. D) equaled the mean P/E ratio. E) began to rise sharply.
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The P/E ratio peaked at over 40 in 2001, marking a high point in the stock market before the dot-com bubble burst.

In 2001, the P/E Ratio