NO.PZ2023040301000097
问题如下：
Researchers have found that value stocks have consistently outperformed growth stocks. An investor wishing to exploit the value effect should purchase the stock of companies with above-average
选项：
A.
dividend yields
B.
market-to-book ratios
C.
price-to-earnings ratios
解释：
Higher than average dividend yield is a characteristic of a value stock, along with low price-to-earnings and low market-to-book ratios. Growth stocks are characterized by low dividend yields and high price-to-earnings and high market-to-book ratios
我有点不理解成长股为什么P/E比价值股低？成长股不是相对价值股来说，P（价值）小，E（盈利）也小么？