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Endnotes

  1. Malkiel, B. G., 1995, Returns from Investing in Equity Mutual Funds 1971 to 1991, Journal of Finance, v50, 549–572.

  1. If the forward earnings are high because of high growth in the next year and this high growth results in a high growth rate for the next five years, you will understate your PEG ratio.


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