Question: Next year, BHH Co. is expected to pay a dividend of $3.04 per share from earnings of $4.91 per share. The equity cost of capital

Next year, BHH Co. is expected to pay a dividend of

Next year, BHH Co. is expected to pay a dividend of $3.04 per share from earnings of $4.91 per share. The equity cost of capital for BHH is 12.4%. What should BHH's forward P/E ratio be if its dividend growth rate is expected to be 3.5% for the foreseeable future

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