Question: I will upvote, plz A P/E multiple could be high relative to the S&P 500 Index because its high growth rate justifies it. You notice

I will upvote, plz

I will upvote, plz A P/E multiple could be high relative to

A P/E multiple could be high relative to the S&P 500 Index because its high growth rate justifies it. You notice a stock that has an assumed growth rate of 4.71% with a dividend payout ratio of 55.2% and a required return of 13.89%. What is the justified forward P/E for this company? State your answer with two decimal places (13.21)

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