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.

Answer rating: 100% (QA)

To calculate the forward PE ratio of the company we will use the ... View the full answer