The company has just announced the EPS for last year was $1.4. The company maintains a dividend
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Question:
ratio of 0.75. Assume the company's cost of equity is 12%, and dividends are expected to grow at a rate of 4%.
What is the company's Price Earning ratio?
Related Book For
Financial Management Theory and Practice
ISBN: 978-1305632295
15th edition
Authors: Eugene F. Brigham, Michael C. Ehrhardt
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