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At a regional security analysts conference, Sandeep Singh made the following comment: "A PEG ratio is a very useful valuation metric because it generates meaningful results for all equities, regardless of the rate of dividend growth." Is Singh correct? A. No, because the PEG ratio generates highly questionable results for low-growth companies. B. Yes, because the expected dividend growth rate is cancelled out in the computation of the PEG ratio. C. Yes, because the computation of the PEG ratio does include the rate of expected dividend growth. |