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Yes, I agree, because as the earnings yield (shows the percentage of each dollar invested in the stock that was earned by the company, it computes as Earnings/Price and it is the inverse of the P/E ratio.
Therefore, Earnings-Yeld * Price-Earnings =1 as:
Earnings-Yeld = Earnings / Price
Price Earnings = Price / Earnings
Earnings / Price * Price / Earnings = Earnings / Earnings * Price / Price =1 *1 =1
yes agree
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