Question: I have the correct answer, but I am needing help to work this out step by step Joker stock has a sustainable growth rate of

I have the correct answer, but I am needing help to work this out step by step

Joker stock has a sustainable growth rate of 9 percent, ROE of 17 percent, and dividends per share of $1.55. If the PE ratio is 15.5, what is the value of a share of stock? (Do not round intermediate calculations. Round your answer to 2 decimal places.) Answer is complete and correct. Stock value per share $ 51.05

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