# Assume a company's upcoming dividends are $1.5 per share, and is expected to growth at an annual

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## Question:

Assume a company's upcoming dividends are $1.5 per share, and is expected to growth at an annual rate of 2%. Its cost of equity is 6%, and its upcoming earnings per share is expected to be $2. This company's forward P/E ratio is _______________ (Please keep 2 decimals). Show your calculations.

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