Netflix stock has dropped almost 50% during the last 3 months. Which of the following...

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Accounting

Netflix stock has dropped almost 50% during the last 3 months. Which of the following is true if we assume that the earnings per share estimates have not changed?

A. The P/E is lower

B. The stock is undervalued

C. The P/E is higher

D. The stock is overvalued

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