Question: Next year, BHH Co. is expected to pay a dividend of $3 per share from earnings of $5 per share. The equity cost of capital

Next year, BHH Co. is expected to pay a of $3 per share from earnings of $5 per share. The equity for BHH is 12%. What should BHH's forward P/E ratio be if its growth rate is expected to be 4% for the foreseeable future?

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