Hemley Corporation has estimated its ROE at .16, and it will maintain a payout ratio of 0.40.

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Hemley Corporation has estimated its ROE at .16, and it will maintain a payout ratio of 0.40. EPSi is estimated to be $2.50. Investors require a .12 rate of return. At what price and P/E ratio would you expect the firm to sell?
Corporation
A Corporation is a legal form of business that is separate from its owner. In other words, a corporation is a business or organization formed by a group of people, and its right and liabilities separate from those of the individuals involved. It may...
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