Question: please help, I will thumbs up Upon analyzing the financial statements of Jain Industries, you discover that it is currently retaining 60 percent of its

please help, I will thumbs up please help, I will thumbs up Upon analyzing the financial statements of

Upon analyzing the financial statements of Jain Industries, you discover that it is currently retaining 60 percent of its earnings (which were $6 this past year), and is experiencing a ROE of almost 20 percent. Assuming a risk- free rate of 4 percent and a risk-premium of 8 percent, how much would you be willing to pay for Jain Industries stock on the basis of the P/E ratio approach

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