Question: Remaining Time: 2 hours, 35 minutes, 24 seconds. Question Completion Status: > Moving to another question will save this response. Quest Question 25 Ray Inc.'s

Remaining Time: 2 hours, 35 minutes, 24 seconds. Question Completion Status: > Moving to another question will save this response. Quest Question 25 Ray Inc.'s earnings last year were $5 per share. Its expected ROE is 16%. Ray's plowback ratio is 40%. The cost of equity is 12%. What is the current value of the stock? A5137 8.595 557 0.843

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