Question: A given stock's current forward-looking earnings yield is 8.4%. The expected dividend over the next year is $1.30. You expect the price to be $26.00

A given stock's current forward-looking earnings yield is 8.4%. The expected dividend over the next year is $1.30. You expect the price to be $26.00 in one year. What is the forward-look Price-to-Earnings (P/E) ratio?

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