Justin is trying to estimate the trailing P/E multiple of IBM. The current stock price is $86.2. Justin gathers the following data from the company's financial statements:
IBM's current fiscal year ends in December 2002. The expected EPS for the 4th quarter of 2002 and the next fiscal year are $0.48 and $3.66, respectively. The trailing P/E of IBM is _____.

Which of the following is not a characteristic of an efficient market?

Which of the following statements is correct in terms of Standard IV (A) - Loyalty to Employer?

What is the term for the bias in your inferences resulting from excessive reliance on the empirical results of others in designing your own analysis?

If the supply of a good decreases, which of the following will generally occur in a market setting?