If a company has an earnings retention ratio of 70%, earnings are growing at 8% per annum,
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If a company has an earnings retention ratio of 70%, earnings are growing at 8% per annum, and investors' required rate of return is 10%, the P/E of the stock is closest to: Group of answer choices 15.0. 5.6. 11.0.
Related Book For
Financial Management Theory and Practice
ISBN: 978-1305632295
15th edition
Authors: Eugene F. Brigham, Michael C. Ehrhardt
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