On September 15 Company QQQ gave guidance of $2 eps for its next (December 15) quarterly report. Today, November 15, QQQ announces a revision of the guidance to $2.25 eps. Based on this, market participants revise upwards their forecasts for next year and beyond. How should that affect QQQ's current ratio of market value to book value?

a) raises it
b) reduces it
c) neither

Answer: a) raises it

Business

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