第4题: [单项选择]All of the following factors affects the firm"s P/E ratio EXCEPT: A. the expected interest rate on the bonds of the firm. B. growth rates of dividends. C. expected dividend payout ratio. 参考答案:A 答案解析:The factors that affect the P/E ratio are the same factors that affect the value of a firm in the infinite growth dividend discount model. The expected interest rate on the bonds is not a significant factor affecting the P/E ratio.