Question: Analysts predict that Comical Bank's dividend will grow at 7% per year into the indefinite future. One-year forward consensus estimates of DPS and EPS are

Analysts predict that Comical Bank's dividend will grow at 7% per year into the indefinite future. One-year forward consensus estimates of DPS and EPS are DPS1 =$2.00 and EPS1 =$5.0. The required return on the bank's stock is 12%. According to the Gordon constant growth model, the forward P/E (Price/EPS1) of the Comical Bank's stock should be _____.

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